| ZIP Code | 02863 |
|---|---|
| City | Central Falls |
| State | Rhode Island (RI) |
| County | Providence County |
| Area Code | 401 |
| Elevation | 100 ft |
| Latitude | 41.890064 |
|---|---|
| Longitude | -71.393481 |
| Timezone | New York (DST) |
| FIPS | 44007 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 31.9 yrs ↑ 6% since 2019 |
|---|---|
| Avg Household Size | 2.89 |
| Below Poverty | 21.5% ▲ 115% above avg |
| College Grads | 22.9% ▼ 41% below avg |
| Unemployment | 10.0% ▲ 105% above avg |
| No HS Diploma | 1,280 (12.7%) |
| HS Graduate | 3,649 (36.3%) |
| Some College | 1,659 (16.5%) |
| Associates | 1,158 (11.5%) |
| Bachelors | 703 (7%) |
| Graduate Degree | 1,593 (15.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $45,921 ▼ 40% below avg ↑ 39% since 2019 |
|---|---|
| Median Home Value | $300,500 ▲ 8% above avg ↑ 88% since 2019 |
| Home/Income Ratio | 6.5x (nat avg ~3.5x) |
| Median Rent | $1,118/mo ↑ 31% since 2019 |
| Total Units | 8,341 |
| Vacant Units | 854 |
| Avg HH Size | 2.89 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 8,341 |
|---|---|
| Vacant | 854 |
| Owner Occupied | 28.6% |
| Renter Occupied | 71.4% |
| Avg HH Size | 2.89 |
ZIP code 02863 is located in Central Falls, Rhode Island, within Providence County. With a population of 22,481, this is a moderately populated ZIP code with a relatively young community — the median age is 31.9 years. Economically, 02863 is a working-class ZIP code: the median household income of $45,921 is below the national average.
Real estate in ZIP code 02863 represents a mid-range housing market. The median home value of $300,500 is near the national average. Renters can expect to pay around $1,118 per month in median rent. This is predominantly a renter community, with 71.4% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 88% since 2019.
The population of 02863 is majority Hispanic (69.31%). Residents are less-educated — 22.9% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 21.5%. Household income has grown by 39% since 2019.
The unemployment rate in 02863 stands at 10.0%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 65%.
Overall, ZIP code 02863 in Central Falls, RI is characterized as working-class, less-educated, and a relatively young community. With 22,481 residents, a median household income of $45,921, and a median home value of $300,500, it offers a clear picture of life in this part of Rhode Island.