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ZIP Code · RI

ZIP 02863

Pop. 22,701·Providence County·33rd most expensive ZIP in Rhode Island
Median rent (all units)
$1,721/mo
Year-over-Year
+7.1%
Month-over-Month
+3.4%
vs US Median
-$244
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 02863 · $1,721
More affordable than 57% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,140
1 BR
$1,220
2 BR
$1,500
3 BR
$1,810
4 BR+
$2,150
Research median
$1,500/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,652/yr
At $1,721/mo median
Location
StateRI
CountyProvidence County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 7.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+7.1% YoY, +3.4% MoM), not inventory.
Demographics

Who lives here

ZIP 02863 (Central Falls, RI) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 10.8% of residents hold a bachelor's degree or higher.

Population
22,701
Median income
$49,285
Median age
32.5
Renters
74.4%
Age distribution
26.1%
27.2%
25%
Under 1826.1%
18–3427.2%
35–5425%
55–6410.9%
65+10.7%
Gender
52.5%
47.5%
Male52.5%
Female47.5%
Race & ethnicity
20.9%
69.1%
White20.9%
Black11.1%
Hispanic69.1%
Education (25+)
38.8%
31.1%
19.2%
No HS diploma38.8%
HS diploma31.1%
Some college19.2%
Bachelor's+10.8%
Housing tenure
25.6%
74.4%
Owner25.6%
Renter74.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 02863 in Central Falls, RI has changed in 5 years

Income
$40,235 → $49,285
up 22.5%
Population
22,192 → 22,701
up 2.3%
Renter share
74.4% → 74.4%
+0.0 pts
Bachelor's+
9.2% → 10.8%
+1.6 pts
Median age
31.6 → 32.5
+0.9 yrs

Median household income grew from $40,235 to $49,285 between 2021 and 2024, a 22.5% shift. Headcount in the area went from 22,192 to 22,701 between 2021 and 2024, a 2.3% change.

Community

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Local insights

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About renting in ZIP 02863

Last updated: July 20, 2026

ZIP code 02863 covers Central Falls, RI. The median rent here is $1,721/mo as of July 2026. A 1-bedroom rents for a median of $1,220/mo. A 2-bedroom rents for a median of $1,500/mo.

At 42% of local median household income ($49,285/yr), ZIP 02863 ranks as moderate compared to the national benchmark of 30%. Rents have increased 7.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 02863?

As of July 20, 2026, the median monthly rent in ZIP 02863 (Central Falls, RI) is $1,721. This is based on aggregated data from public sources and community submissions.

How does ZIP 02863 rent compare to the US average?

ZIP 02863's median rent of $1,721/mo is $244 (12%) below the US national median of $1,965/mo.

How does ZIP 02863 compare to other ZIPs in Rhode Island?

ZIP 02863 is among the more affordable ZIP codes in Rhode Island, ranking #33 out of 34 ZIPs at $1,721/mo.

How much income do you need to rent in ZIP 02863?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,721/mo in ZIP 02863. The local median household income is $49,285/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 02863?

Rent in ZIP 02863 has increased 7.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 02863 an affordable place to rent?

ZIP 02863 is considered stretched for renters. At $1,721/mo, rent takes approximately 42% of the local median household income ($49,285/yr). The standard benchmark is 30%. ZIP 02863 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 02863 residents rent vs. own?

According to Census data, approximately 74.4% of ZIP 02863 households are renters, while 25.6% are owner-occupied. With a majority renter population, ZIP 02863 has a strong rental market.

How does ZIP 02863 compare to the rest of Central Falls?

ZIP 02863 sits right at the Central Falls citywide median of $1,721/mo.

When was rent data for ZIP 02863 last updated?

Rent data for ZIP 02863 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
42%
STRETCHED

At $1,721/mo, rent takes ~42% of ZIP 02863's median household income ($49,285/yr). The standard benchmark is 30%.

ZIP 02863 42%Benchmark 30%
State income tax3.75–5.99%
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Schools nearby

Public schools near ZIP 02863 (Central Falls, RI)

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