SmartAsset: Cranston healthiest housing market in R.I.

THE HEALTHIEST housing market in Rhode Island is Cranston, followed by Westerly, Pawtucket, Tiverton and Providence, according to SmartAsset, a financial technology company. / COURTESY SMARTASSET
THE HEALTHIEST housing market in Rhode Island is Cranston, followed by Westerly, Pawtucket, Tiverton and Providence, according to SmartAsset, a financial technology company. / COURTESY SMARTASSET

CRANSTON – The healthiest housing market in Rhode Island is Cranston, according to SmartAsset, a financial technology company.
The healthiest market ranking was based on stability, risk, ease of sale and affordability. Communities were ranked high due to the relatively low number of days a home is on the market, a higher than average number of years residents live in homes and the low number of homes sold at a loss.
Cranston ranked high for having a low percentage of homes sold at a loss – 8.3 percent, and an average of 18.5 years of living in a home. Homes in Cranston generally stay on the market 80 days, but only 27 percent of homes have negative equity.
The rest of the top 10 in the healthiest housing market category: Westerly, Pawtucket, Tiverton, Providence, the Greenville section of Smithfield, Warwick, Kingston in South Kingstown, East Providence and Newport.
Among the top 10, Pawtucket’s homes were on the market the shortest at an average of 38.9 days, while Providence had the lowest percentage of homes sold at a loss at 6.4 percent. Greenville had the lowest housing costs as a percentage of income at 23.5 percent.
When affordability is considered, Greenville grabbed the No. 1 spot, followed by Kingston, Westerly, Warwick, Cranston, Newport, Tiverton, East Providence, Woonsocket and Pawtucket.
In ease of sale, Woonsocket took the top spot, followed by Pawtucket, Providence, Cranston, Warwick, Newport, Westerly, Greenville, Tiverton and Kingston.

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