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Woonsocket Foreclosure Listings

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Woonsocket, Rhode Island: A Small Place with Great Foreclosure Bargains

Woonsocket, Rhode Island is definitely a small area with only 8 square miles. It is part of the Providence Metropolitan area and it has approximately 18,117 existing homes. Currently, there are 297 homes for resale and about 437 homes on foreclosure listings. The median home value is $193,410 as of August 2010 which reflects a depreciation of about 8% over the last 12 months. There is a high unemployment rate, 9.1%, within the city itself but, since it is so close to the city of Providence, there are plenty of jobs out there to commute to. The cost of living is near 8% above the National average but that is not surprising considering the proximity to Washington, D.C.