Pawtucket, Rhode Island Housing Market Prices
Pawtucket Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 30% below the Rhode Island median$250,546
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Median rent 10% below the Rhode Island median$1,208
Housing Market Overview
| Metric | Pawtucket | Rhode Island Avg | US Average |
|---|---|---|---|
| Median Home Price | $250,546 | $360,248 | $248,835 |
| Price Trend (Annual %) | 7.3% | 7.4% | 7.5% |
| Median Gross Rent | $1,208 | $1,341 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pawtucket is about 30% lower than in Rhode Island. Rent is about 10% lower than the Rhode Island average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Pawtucket, up about 7.3% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Pawtucket rose about 45.3% between 2015 and 2024, from $831 to $1,208. Over the same span, rent in Rhode Island rose about 45.0%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Pawtucket.
Buying the median-priced home in Pawtucket costs roughly 17.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Pawtucket. The price-to-rent ratio in Rhode Island is about 22.4.
| Metric | Pawtucket | Rhode Island Avg | US Average |
|---|---|---|---|
| Median Home Price | $250,546 | $360,248 | $248,835 |
| Median Household Income | $69,228 | $88,093 | $80,455 |
| Price-to-Income Ratio | 3.6 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pawtucket rose about 73.1%, while median household income rose about 53.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Pawtucket | Rhode Island Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.7% | 57.8% | 58.5% |
| Rental Rate | 46.5% | 33.0% | 31.2% |
| Vacancy Rate | 6.7% | 9.1% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Pawtucket has a homeownership rate of 46.7%, lower than the Rhode Island average of 57.8%. Its housing vacancy rate is 6.7%, compared with 9.1% in Rhode Island.
Housing Stock
| Metric | Pawtucket | Rhode Island Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.38 people | 2.53 people |
| Median Structure Built Year | 1949 | 1962 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Pawtucket was built around 1949. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 13.0 years on average.
Pawtucket, RI Housing Compared With Nearby Cities
How Pawtucket, RI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pawtucket, RI | 75,796 | $250,546 #2/2 | $1,208 #2/2 | 50.1% #1/2 |
| Providence, RI | 191,427 | $426,648 | $1,407 | 41.4% |
Frequently Asked Questions
Common questions about the housing market in Pawtucket, Rhode Island.
What is the median home price in Pawtucket, Rhode Island?
The median home price in Pawtucket, Rhode Island is $250,546, lower than the Rhode Island average of $360,248.
What is the average home price in Pawtucket, Rhode Island?
The typical home price in Pawtucket, Rhode Island, reported as the median sale price, is $250,546. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Pawtucket, Rhode Island?
The median gross rent in Pawtucket, Rhode Island is $1,208 per month, lower than the Rhode Island average of $1,341.
What was the median gross rent in Pawtucket in 2020?
In 2020, the median gross rent in Pawtucket, Rhode Island was $932 per month.
What is the price-to-rent ratio in Pawtucket, Rhode Island?
The price-to-rent ratio in Pawtucket, Rhode Island is about 17.3, meaning it would take roughly 17.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Pawtucket.
Are home prices or rent rising faster in Pawtucket, Rhode Island?
Both home prices and rent are rising in Pawtucket, up about 7.3% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pawtucket, Rhode Island?
46.7% of households in Pawtucket, Rhode Island own their home, lower than the Rhode Island average of 57.8%.
What is the vacancy rate in Pawtucket, Rhode Island?
The housing vacancy rate in Pawtucket, Rhode Island is 6.7%, lower than the Rhode Island average of 9.1%.
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