Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cranston, Rhode Island.
Pre-filled with Cranston median home price and Rhode Island tax/insurance rates. Adjust for your property.
Estimated closing costs based on Rhode Island rates and fees applied to Cranston prices.
The median home price in Cranston is $365,000, 14% below the Rhode Island state median of $425,000. With a population of 82,934, Cranston is a smaller market where home prices tend to be more accessible than in many parts of Rhode Island.
Property taxes in Rhode Island average 1.53% annually. This higher-than-average tax rate means a $365,000 home in Cranston would carry roughly $465/month in property taxes alone — plan accordingly. Homeowners insurance in Rhode Island runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Cranston is $1,520/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Cranston presents moderate affordability. The $365K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.