Valley Falls CDP Rhode Island Area Home Supply Charts

This page looks at a variety of Valley Falls CDP Rhode Island housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Valley Falls CDP depicts it has a Housing Units of 5,019 which is less than most other places in the local area.

Figure 2 illustrates the housing density in the Valley Falls CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Valley Falls CDP depicts it has a Housing Density of 1433.4 which is in the mid range of other places in the metro area. The place with the highest housing density in the area is Central Falls which depicts a density of 6726.2 (approximately 4.7 times bigger). Comparing housing density to the United States average of 39.5, Valley Falls CDP is very much bigger. Also, versus the state of Rhode Island, housing density of 465.4, Valley Falls CDP is approximately 3.1 times bigger.

In Figure 4, Valley Falls CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Valley Falls CDP shows it has a Housing Unit Change of 4.4% which is in the mid point range of other places in the local area. The place with the highest change in the housing units in the area is Providence which depicts a housing units of 10.6% (approximately 2.4 times bigger). Comparing change in the housing units to the United States average of 7.4%, Valley Falls CDP is approximately three-fourths the size. Also, in comparison with the state of Rhode Island, change in the housing units of 3.8%, Valley Falls CDP is 14.9% larger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Valley Falls CDP shows it has a Renter Percent of 29.9% which is less than most other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 70.1% which is the third most owner percent of all other places in the greater Valley Falls CDP region.

Valley Falls CDP Rhode Island Home Cost Charts

Looking at the housing data provided in Figure 7, the average Valley Falls CDP home price is illustrated for this community and a useful analysis of affordable housing. Valley Falls CDP depicts it has a Median Home Value of $280,500 which is in the center range of other places in the greater region. The place with the highest median home price in the area is North Seekonk CDP which depicts a home price of $351,500 (25.3% larger). Figure 8 provides aggregate comparative data for the Valley Falls CDP Rhode Island metro area in terms of the median housing rental rate, apartment rent, etc. Valley Falls CDP shows it has a Median Gross Rent of $947 which is the smallest in order of rental rates of all the other places in the metropolitan area. The place with the highest rental rates in the area is Attleboro which depicts a rental rates of $1,261 (33.2% larger). Comparing rental rates to the United States average of $1,163, Valley Falls CDP is about 22.8% smaller. Also, compared to the state of Rhode Island, rental rates of $1,097, Valley Falls CDP is about 15.8% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Valley Falls CDP has the percentage of home price worth between $50,000 to $100,000 in the center range of other places in the local area at 11% of the total. Second, it has one of the largest proportions of home price worth between $100,000 to $200,000 at 45% of the total and is ranked #2. The only larger place being Pawtucket with 48%.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Valley Falls CDP depicts it has a Median Owner Cost of $1,563 which is less than most other places in the area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Valley Falls CDP metro area. it has a Owner Cost as % of HH Income of 19% which is less than most other places in the surrounding region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Valley Falls CDP depicts it has a Median Home Value as Percent of Median Earnings of 484% which is the second smallest in order of median home value as a percent of median worker earnings of all the other places in the greater region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Valley Falls CDP shows it has a Median Owner Costs-With Mortgage of $1,848 which is in the center range of other places in the area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $583 which is the smallest in order of median housing cost of all the other places in the area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Valley Falls CDP has one of the largest proportions of owner cost less than $300 at 3% of the total and is ranked #2. The only larger place being Providence with 4%. Second, it has the largest proportion of owner cost between $300 and $500 at 12% of the total and is ranked #1. Third, it has less than most other places in the local area when sorted by owner cost between $500 and $700 at 12% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Valley Falls CDP depicts it has a % of Income Owner Costs-With Mortgage of 20% which is the second smallest in terms of cost as a percent of household income of all the other places in the area. The place with the highest cost as a percent of household income in the area is Central Falls which depicts a cost as a percent of household income of 32% (61.7% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Valley Falls CDP depicts it has a % of Income Owner Costs-No Mortgage of 12% which is the second smallest as measured by cost as a percent of household income of all the other places in the area. The place with the highest cost as a percent of household income in the area is North Seekonk CDP which shows a cost as a percent of household income of 20% (62.8% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Valley Falls CDP has one of the largest proportions of rent as a percent of income is less than 10 pct at 30% of the total and is ranked #2. The only larger place being North Seekonk CDP with 34%. Second, it has the second smallest when ranked by rent as a percent of income is less than 10 pct of all the other places in the surrounding region when ranked by rent as a percent of income is between 40pct to 50pct at 15% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Valley Falls CDP has the largest proportion of housing cost less than $300 at 7% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $300 and $500 at 11% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $3,891 which is in the mid range of other places in the local area. The place with the highest median real estate taxes paid in the area is Attleboro which shows a taxes paid of $4,449 (14.3% larger). Comparing median real estate taxes paid to the United States average of $2,690, Valley Falls CDP is 44.6% larger. Also, in comparison with the state of Rhode Island, median real estate taxes paid of $4,483, Valley Falls CDP is about 15.2% smaller.

Figure 22 shows the percentage of renters who pay for utilities in Valley Falls CDP Rhode Island. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Valley Falls CDP has one of the largest proportions of pay extra for utilities at 25% of the total and is ranked #2. The only larger place being Providence with 26%.

Figure 23 shows the rental rate distribution for this area. Valley Falls CDP Rhode Island has the largest proportion of rent less than 300 dollars at 10% of the total and is ranked #1. Second, it has the largest proportion of rent between 300 and 500 dollars at 15% of the total and is ranked #1. Third, it has one of the largest proportions of rent between 500 and 750 dollars at 31% of the total and is ranked #3. Only #2 Cumberland Hill CDP (36%), and #1 Central Falls (37%) are larger. Also, it has the second smallest in order of rent less than 300 dollars of all the other places in the local area in terms of rent between 750 and 1000 dollars at 24% of the total.

Valley Falls CDP Rhode Island Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Valley Falls CDP has the largest proportion of Primary Mortgage and HELOC at 4% of the total and is ranked #1.

Valley Falls CDP Rhode Island Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.1 which is the second smallest when ranked by family members per housing unit of all the other places in the local area. The place with the highest family members per housing unit in the area is Central Falls which depicts a family members per housing unit of 3.7 (19.5% larger). Comparing family members per housing unit to the United States average of 3.3, Valley Falls CDP is about 6.6% smaller. Also, in contrast to the state of Rhode Island, family members per housing unit of 3.2, Valley Falls CDP is only about 3.2% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.6 which is the third most of all other places in the greater region. The place with the highest average number of rooms in a house in the area is North Seekonk CDP which depicts an average number of rooms in a house of 6.1 (8.9% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1964 which is the third most year built of all other places in the greater Valley Falls CDP region. The place with the highest year built in the area is Cumberland Hill CDP which indicates a year built of 1973 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built in 2020 or later at 3% of the total and is ranked #2. The only larger place being Attleboro with 3%. Second, it has the largest proportion of homes built between 1970 to 1979 at 24% of the total and is ranked #1. Third, it has less than most other places in the greater region when sorted by homes built between 1940 to 1949 at 20% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other places in the greater region at 1,424 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 3 or 4 units the second smallest in terms of one unit detached of all the other places in the local area at 1% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $386,400 of the total and is ranked #3. Only #2 Attleboro ($462,200), and #1 Providence ($549,300) are larger. Second, it has the largest proportion of value of homes built 2010 to 2013 at $432,000 of the total and is ranked #1. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $298,700 of the total and is ranked #3. Only #2 Attleboro ($392,000), and #1 North Seekonk CDP ($425,800) are larger. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $327,100 of the total and is ranked #2. The only larger place being North Seekonk CDP with $449,500. In addition, it has the largest proportion of value of homes built 1980 to 1989 at $317,400 of the total and is ranked #1. Furthermore, it has in the mid range of other places in the greater region when ranked by value of homes built 1970 to 1979 at $274,600 of the total. Next it has in the mid range of other places in the area in terms of value of homes built 1960 to 1969 at $238,800 of the total. Additionally, it has one of the largest proportions of value of homes built 1950 to 1959 at $253,300 of the total and is ranked #2. The only larger place being Attleboro with $269,300. And then, it has less than most other places in the local area in order of value of homes built 1940 to 1949 at $233,300 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Valley Falls CDP residents. it has a Owner-Household Size of 2.7 which is the second smallest when ranked by homeowner household size of all the other places in the greater region. The place with the highest homeowner household size in the area is Central Falls which shows a homeowner household size of 3.1 (14.6% larger).

Figure 37 shows the household size for renters. Valley Falls CDP depicts it has a Renter-Household Size of 2.2 which is the second smallest in order of renter household size of all the other places in the metro area. The place with the highest renter household size in the area is Central Falls which depicts a renter household sizes of 3.0 (40.1% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later the second smallest when ranked by owners moved in 2019 or later of all the other places in the local area at 16% of the total. Second, it has the second smallest as measured by owners moved in 2019 or later of all the other places in the metro area as measured by owners moved in 2015 to 2018 at 11% of the total. Third, it has one of the largest proportions of owners moved in 2000 to 2009 at 27% of the total and is ranked #2. The only larger place being Cumberland Hill CDP with 32%. Figure 39 shows the year that people who rent moved into the area. Valley Falls CDP has the percentage of renters moved in 2015 to 2018 in the mid point range of other places in the local area at 28% of the total. Second, it has the largest proportion of renters moved in 1990 to 1999 at 3% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2001 which is the smallest when ranked by median year that a home owner moved in of all the other places in the metropolitan area. Figure 41 compares the median year that renters moved into their home. Valley Falls CDP depicts it has a Renter Median Year Moved In of 2015 which is the third most median year that a renter moved in of all other places in the greater Valley Falls CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest when ranked by homes using natural gas of all the other places in the local area at 6% of the total. Second, it has the largest proportion of homes using kerosene or other fuel oils at 0% of the total and is ranked #1. Third, it has the second smallest when sorted by homes using natural gas of all the other places in the surrounding region in order of homes using solar energy at 0% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Valley Falls CDP housing department, Rhode Island department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Valley Falls CDP depicts it has a Total In Group Quarters of 56 which is less than most other places in the area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Valley Falls CDP residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Valley Falls CDP has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.