Pawtucket, RI—02861
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 $392,000, 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 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $392,000 | 3.1% |
| Single Family | $393,000 | 2.9% |
| Condos | $229,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $301,000 | 6.4% |
2 Bed | $360,000 | 3.2% |
3 Bed | $396,000 | 2.6% |
4 Bed | $418,000 | 2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pawtucket, RI
As of July '25, Rentcast reports the average rent in Pawtucket, RI is $1,960, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Pawtucket, RI is studios: $1,600, 1-bedrooms: $1,620, 2-bedrooms: $1,960, 3-bedrooms: $2,380. The most common rental property sizes in Pawtucket, RI are 2-bedroom and 3-bedroom, accounting for 49.5% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,960 |
| Studio Rent | $1,580 | $1,600 |
| 1 Bed Rent | $1,760 | $1,620 |
| 2 Bed Rent | $1,950 | $1,960 |
| 3 Bed Rent | $2,200 | $2,380 |
| 4 Bed Rent | N/A | N/A |
% 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 27. This is a increase of 21.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $398,000 | 0.0% |
Listing Count | 56 | 9.0% |
| Listings as % of Homes | 0.3% | 9.0% |
Days on Market | 27 | 21.0% |
Demographics — Pawtucket, RI
As of the latest ACS Survey released in 2023, Pawtucket, RI has a population of 27,900, which has increased by 11.5% over the past 5 years. Pawtucket, RI is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | 11.5% |
% Under 18 | 19.4% | 2.6% |
% Seniors | 15.3% | 5.5% |
% WFH | 8.8% | 319.0% |
% w/ College Degree | 20.3% | -3.8% |
As of the latest ACS Survey released in 2023, Pawtucket, RI is a predominantly white area, with 60.9% of the population identifying as white. The white population has shrunk by 16.6% in the last 5 years. The second most common race or ethnicity in Pawtucket, RI is hispanic, making up 17.5% of the population. Foreign-born residents account for 17.3% of the population in Pawtucket, RI, and this percentage has increased by 18.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.9% | -16.6% |
% Black | 10.6% | 21.8% |
% Hispanic | 17.5% | 40.0% |
% Asian | 1.7% | -29.2% |
% Foreign Born | 17.3% | 18.5% |
Mortgage and Risk — Pawtucket, RI
According to HUD data as of 2023, there were 500 mortgage originations in Pawtucket, RI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Pawtucket, RI. Investor activity is low, as 2.0% 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 | 500 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Pawtucket, RI
Pawtucket, RI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 208 |
Total Units Section 8 | 179 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $1,760 | $1,260 |
| 2 Bedroom | -$420 | $1,950 | $1,530 |
| 3 Bedroom | -$350 | $2,200 | $1,850 |
| 4 Bedroom | N/A | N/A | $2,290 |
Affordability — Pawtucket, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $392,000 |
| Median Household Income | $83,000 |