The story of this market
The typical home in ZIP 02921 sells for about $641,333, or $334 per square foot.
Prices are down 2.8% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $2,450 a month.
ZIP 02921 — Cranston
The 02921 housing market is currently a buyer's market, characterized by a median sale price of $641,333 and a slight year-over-year decline of 2.8%. While sales volume remains modest at 119 homes over the last 12 months, the area maintains high property values relative to the rest of Providence County. Market conditions are driven by limited inventory and a preference for suburban living, keeping the market stable despite broader economic headwinds.
This ZIP is ideal for established families and professionals seeking suburban space and quality schools while maintaining a manageable commute to Providence.
Median prices moved down 2.8% year over year.
Homes spend a median of 45 days on market with 3.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 2.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 02921, Providence County, RI
Cranston generally maintains lower crime rates compared to the broader Providence metropolitan area, with 02921 being characterized by suburban safety and low violent crime incidents.
The area is served by the Cranston Public Schools district, which is generally regarded as providing stable educational outcomes with several highly-rated elementary and middle school options.
The area faces standard New England climate risks, primarily related to winter storms and occasional heavy rainfall; flood risk is localized to specific low-lying areas near water bodies.
Economic momentum is driven by proximity to the Providence employment core and regional retail hubs, with steady residential development and limited large-scale commercial expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Rhode Island) — Local Property Tax Assessment: Property is assessed at full and fair cash value. The tax is calculated by multiplying the assessed value by the local tax rate (mill rate). Municipalities may apply homestead exemptions or tax classifications (residential vs. commercial) as authorized by state law.
Residents primarily commute via I-295 and RI-37, providing direct access to Providence and the broader Rhode Island employment corridor; public transit options are limited compared to the urban core.
The area features significant green space including the Western Cranston park system, nearby golf courses, and easy access to local hiking trails and suburban shopping centers.
The rental market is characterized by low vacancy rates and high demand for single-family home rentals, with limited multi-family inventory available.
The local economy is anchored by healthcare, education, and professional services, with significant employment spillover from the nearby Providence metropolitan area.
The area is heavily reliant on private vehicle transit via the I-295 and RI-37 highway corridors, with minimal public transit infrastructure.
Development is largely constrained by existing suburban zoning, with current planning focused on residential density management.
The Cranston Tax Assessor manages property valuations, conducting periodic revaluations to align assessments with market values.
Parcels are subject to municipal taxes and the Cranston Public Schools district levy.
Property insurance premiums are stable but reflect regional risks associated with coastal New England weather patterns.
Data retrieved from data.census.gov ZCTA 02921 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
- United Skates of America4.39.8 mi
- R1 Indoor Karting | Time Mission, Dart City, Mission Box & Axe Bar4.69.7 mi
- Dave & Buster's Providence4.26.4 mi
- Wide World of Indoor Sports4.415.4 mi
- Funcity Trampoline Park Seekonk, MA4.29.8 mi
- Amica Mutual Pavilion4.46.2 mi
- Rhode Island Convention Center4.46.2 mi
- Topgolf Rhode Island4.33.1 mi
- Providence Performing Arts Center4.86.3 mi
- Wright's Farm4.415.7 mi
- Bally's Lincoln3.98.9 mi
- Roger Williams Park Zoo4.65.3 mi
- RISD Museum4.76.7 mi
- Colt State Park4.812.8 mi
- Lincoln Woods State Park4.69.8 mi
- RISD Museum4.76.7 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.819 mi
- Providence Children's Museum4.66.3 mi
- Newport Car Museum4.918.3 mi
- Blithewold Manor, Gardens & Arboretum4.715 mi
- Colt State Park4.812.8 mi
- Lincoln Woods State Park4.69.8 mi
- Roger Williams Park4.75.6 mi
- Goddard Memorial State Park4.68.7 mi
- Rocky Point State Park4.79.3 mi
- East Providence Yacht Club4.37.3 mi
- Rhode Island Yacht Club4.66.6 mi
- Topgolf Rhode Island4.33.1 mi
- Kirkbrae Country Club4.612.5 mi
- Triggs Memorial Golf Course4.25.3 mi
- Harbor Lights Dining Events Golf Marina4.48.7 mi
- Swansea Country Club4.412.5 mi
- Providence Place4.46.5 mi
- Warwick Mall4.33.6 mi
- Garden City Center4.62.9 mi
- Rhode Island T.F. Green International Airport4.45.4 mi
- Boston Skydive Center510.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Large community park with sports fields and walking paths.
Public-access 18-hole golf course serving the local community.
Key-figure check: median price diverges 22.4% from the nearest retained anchor (published ten-year series (2026)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.