HomeRhode IslandProvidence CountyCentral Falls city
Central Falls city, Rhode Island: commercial real estate data.
Central Falls city is a Census city of 22,701 people across 1.19 square miles of land, in Providence County. Median household income is $49,285, 25.6 percent of occupied homes are owned, and the SBA record carries 13 7(a) approvals to borrowers here worth $4.6 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Central Falls
What Central Falls is
- Census place typecity
- Land area1.19 sq mi
- Water area0.08 sq mi
- Population per square mile of land19,013
- County holding the largest share of its areaProvidence County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Central Falls
How many people live in Central Falls
- Population22,701
- Median age32.5
- Population under 185,931
- Share under 1826.1 percent
- Population 65 and over2,439
- Share 65 and over10.7 percent
- Households7,683
- Family households5,223
- Share of households that are families68.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Central Falls
Income and work in Central Falls
- Median household income$49,285
- Per capita income$21,117
- Civilian labor force10,947
- Employed10,079
- Unemployed868 plus or minus 311
- Unemployment rate7.9 percent plus or minus 2.8
- Adults 25 and over14,332
- Adults 25 and over with a high school diploma or higher61.2 percent
- Adults 25 and over with a bachelor degree or higher10.8 percent plus or minus 2.6
- Adults 25 and over with a graduate degree1.3 percent plus or minus 0.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Central Falls
Housing in Central Falls
- Housing units8,426
- Occupied units7,683
- Vacant units743 plus or minus 216
- Vacancy rate8.8 percent plus or minus 2.5
- Owner occupied1,965 plus or minus 401
- Renter occupied5,718
- Ownership rate25.6 percent
- Median owner-occupied home value$352,100
- Median gross rent, monthly$1,200
- Annual rent as a share of median income29.2 percent
- Single family units1,397 plus or minus 373
- Share single family16.6 percent plus or minus 4.3
- Units in buildings of two or more7,029
- Share in buildings of two or more83.4 percent
- Mobile homes0
- Median year structure built1944
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Central Falls
How Central Falls gets to work
- Workers 16 and over who commute9,240
- Commuting under 15 minutes1,915 plus or minus 535
- Share commuting under 15 minutes20.7 percent plus or minus 5.4
- Commuting 30 minutes or more4,229 plus or minus 869
- Share commuting 30 minutes or more45.8 percent
- Drove alone59.3 percent
- Carpooled13.7 percent plus or minus 4.6
- Public transport4.9 percent plus or minus 2.9
- Walked3.6 percent plus or minus 2.0
- Worked from home5.2 percent plus or minus 2.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Central Falls
SBA loans in Central Falls (7(a))
- Approvals13
- Gross approval$4,587,600
- Average approval$352,892
- Median approval$175,000
- Ninetieth percentile approval$750,600
- Largest approval$1,725,000
- Jobs supported67
- Jobs per approval5.2
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more23.1 percent
- Share to franchises0.0 percent
- Distinct lenders9
- Distinct industries by NAICS10
A charge-off rate is not published here. only 4 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Central Falls
SBA loans in Central Falls (504)
- Approvals4
- Gross approval$1,701,000
- Average approval$425,250
- Median approval$379,000
- Largest approval$763,000
- Jobs supported6
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Providence County, not Central Falls
Providence County context, not Central Falls figures
These are Providence County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Central Falls measurements.
- Establishments in Providence County16,414
- Employment at those establishments, Providence County273,731
- Covered employment, Providence County288,107
- Average annual pay, Providence County$68,852
- Average weekly wage, Providence County$1,324
- Housing units permitted, Providence County782
- Of those, single family, Providence County314
- County product, 2024, Providence County$46,726,521,000
- County product change over the prior year, Providence County4.5 percent
- Average income of an arriving household, Providence County$68,047
Every figure in this section is published for Providence County as a whole and is not a measurement of Central Falls. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Central Falls questions, answered from the record.
How many people live in Central Falls, Rhode Island?
22,701, in 7,683 households. Central Falls city covers 1.19 square miles of land, which is 19,013 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Central Falls in?
Providence County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Central Falls?
$49,285. The median owner-occupied home is valued at $352,100. Median gross rent is $1,200 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Central Falls businesses?
13 7(a) approvals totalling $4.6 m, across 9 lenders, median approval $175,000, plus 4 504 approvals worth $1.7 m. These count approvals to borrowers whose address is in Central Falls, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Central Falls borrowers get paid back?
No rate is published for Central Falls. only 4 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Central Falls figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Providence County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Central Falls.
Is zoning published for Central Falls?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.