Pawtucket, RI—02860
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Pawtucket, RI
Home Price Trends — Pawtucket, RI
As of Oct '25, the median home price in Pawtucket, RI is $386,000, with a year-over-year change of 3.1%. This indicates that home prices in Pawtucket, RI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $386,000 | 3.1% |
| Single Family | $395,000 | 2.6% |
| Condos | $287,000 | 5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $274,000 | 3.8% |
2 Bed | $333,000 | 2.5% |
3 Bed | $394,000 | 2.6% |
4 Bed | $430,000 | 2.6% |
| 5 Bed | $519,000 | 4.6% |
% of Housing Stock
Rental Trends — Pawtucket, RI
As of July '25, Rentcast reports the average rent in Pawtucket, RI is $1,840, with a year-over-year rent change of 15.0%. Per bedroom, the median rent as of July '25 in Pawtucket, RI is studios: $1,840, 1-bedrooms: $1,560, 2-bedrooms: $1,840, 3-bedrooms: $2,140, 4-bedrooms: $2,850. The most common rental property sizes in Pawtucket, RI are 2-bedroom and 1-bedroom, accounting for 38.8% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,840 |
| Studio Rent | $1,890 | $1,840 |
| 1 Bed Rent | $1,600 | $1,560 |
| 2 Bed Rent | $1,800 | $1,840 |
| 3 Bed Rent | $2,000 | $2,140 |
| 4 Bed Rent | $2,700 | $2,850 |
% of Rental Stock
Property Listings — Pawtucket, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Pawtucket, RI is 38. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 2.0% |
Listing Count | 55 | 46.0% |
| Listings as % of Homes | 0.2% | 46.0% |
Days on Market | 38 | 17.0% |
Demographics — Pawtucket, RI
As of the latest ACS Survey released in 2023, Pawtucket, RI has a population of 47,400, which has remained stable by 0.5% over the past 5 years. Pawtucket, RI is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 25.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,400 | 0.5% |
% Under 18 | 22.1% | -4.7% |
% Seniors | 13.6% | 16.2% |
% WFH | 8.2% | 530.8% |
% w/ College Degree | 25.5% | 28.8% |
As of the latest ACS Survey released in 2023, Pawtucket, RI is a predominantly white area, with 39.9% of the population identifying as white. The white population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Pawtucket, RI is hispanic, making up 28.7% of the population. Foreign-born residents account for 27.8% of the population in Pawtucket, RI, and this percentage has decreased by 11.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 39.9% | 7.3% |
% Black | 16.9% | -26.2% |
% Hispanic | 28.7% | -4.3% |
% Asian | 1.4% | -17.6% |
% Foreign Born | 27.8% | -11.2% |
Mortgage and Risk — Pawtucket, RI
According to HUD data as of 2023, there were 496 mortgage originations in Pawtucket, RI, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Pawtucket, RI. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 496 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Pawtucket, RI
As of 2024, the percent of homes in Pawtucket, RI under the Section 8 program is 18.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Pawtucket, RI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 3,034 |
Total Units Section 8 | 2,189 |
% Rentals under Section 8 | 18.4% |
% Occupied Section 8 | 91.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$340 | $1,600 | $1,260 |
| 2 Bedroom | -$270 | $1,800 | $1,530 |
| 3 Bedroom | -$150 | $2,000 | $1,850 |
| 4 Bedroom | -$410 | $2,700 | $2,290 |
Affordability — Pawtucket, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $386,000 |
| Median Household Income | $60,000 |