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Pawtucket, RI—02860

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$379,000
2.5% YoY Growth
Household Income
$60,000
44.0% YoY Growth
Days on Market
57
56.0% Longer YoY
Home Price Forecast
2.7%
Median Rent
$1,700
15.0% YoY Growth
1-Bed Rent
$1,600
20.0% YoY Growth
2-Bed Rent
$1,800
12.2% YoY Growth
3-Bed Rent
$2,000
5.9% YoY Growth

Other Zip Codes in Pawtucket, RI

02861
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Pawtucket, RI

As of Dec '25, the median home price in Pawtucket, RI is $379,000, with a year-over-year change of 2.5%. This indicates that home prices in Pawtucket, RI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$379,0002.5%
Single Family $388,0001.8%
Condos $282,0005.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $265,000
    3.1%
    2 Bed
    		$324,0001.9%
    3 Bed
    		$388,0002.1%
    4 Bed
    		$424,0001.7%
    5 Bed $517,6673.7%
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    % of Housing Stock

    Studio
    7.5%
    1 Bedroom
    18.4%
    2 Bedrooms
    35.2%
    3 Bedrooms
    30.2%
    4 Bedrooms
    6.6%
    5+ Bedrooms
    2.2%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    12.2%
    1 Bedroom
    26.9%
    2 Bedrooms
    38.8%
    3 Bedrooms
    20.3%
    4 Bedrooms
    1.2%
    5+ Bedrooms
    0.6%

    Property Listings — Pawtucket, RI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Pawtucket, RI is 47. This is a increase of 41.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$379,0001.0%
    Listing Count
    		4310.0%
    Listings as % of Homes0.2%10.0%
    Days on Market
    		5756.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		47,4000.5%
    % Under 18
    		22.1%-4.7%
    % Seniors
    		13.6%16.2%
    % WFH
    		8.2%530.8%
    % w/ College Degree
    		25.5%28.8%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.2
    Median Home Price$379,000
    Median Household Income$60,000

    Pawtucket, RI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Central Falls, RI

    02863

    Providence, RI

    02906

    Pawtucket, RI

    02861

    East Providence, RI

    02916

    Providence

    02912

    Frequently Asked Questions