Home Values in Pawtucket, Rhode Island — 2026 Market Report
Updated March 2026 | Balanced Market | +3.1% YoY
The median home value in Pawtucket, Rhode Island is $285,000 as of March 2026, which is below the national median of $400,000. Home values in Pawtucket have increased by 3.1% over the past year and 16.5% over the last five years. With a population of 75,604 and a median household income of $42,250, the price-to-income ratio stands at 6.7x, making Pawtucket affordable for the average household.
Pawtucket Housing Market Conditions
| Metric | Pawtucket | National Avg |
|---|---|---|
| Median Home Value | $285,000 | $400,000 |
| YoY Appreciation | +3.1% | +3.8% |
| 5-Year Appreciation | +16.5% | +22.4% |
| Price per Sq Ft | $95 | $222 |
| Days on Market | 37 days | 45 days |
| Months of Supply | 4.9 | 3.5 |
| List-to-Sale Ratio | 96.2% | 98.5% |
| Monthly Homes Sold | 66 | — |
| Foreclosure Rate | 0.69% | 0.3% |
Home Value Trends in Pawtucket
A homeowner who purchased at the median price of $244,635 five years ago in Pawtucket would have gained approximately $40,365 in equity, representing a 16.5% return on investment. Over the past year alone, the typical homeowner gained $8,569 in home equity.
Affordability in Pawtucket, RI
With a median household income of $42,250 and a median home price of $285,000, the price-to-income ratio in Pawtucket is 6.7x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,738 compared to estimated monthly ownership costs of $1,741 gives a rent-vs-buy ratio of 1.00. In Pawtucket, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Pawtucket
The effective property tax rate in Rhode Island is 1.63%. On a home valued at $285,000, the estimated annual property tax bill is $4,645, or approximately $387/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Pawtucket is 100.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Pawtucket, RI?
The median home value in Pawtucket, Rhode Island is $285,000 as of March 2026. Home values have changed +3.1% over the past year, with a 5-year appreciation of 16.5%.
Is Pawtucket a buyer's or seller's market?
Pawtucket is currently a balanced market with 4.9 months of housing supply. Homes spend an average of 37 days on market, and the list-to-sale price ratio is 96.2%. Supply and demand are relatively balanced.
Are home values going up in Pawtucket?
Yes, home values in Pawtucket have increased by 3.1% over the past year. The 5-year appreciation rate is 16.5%, meaning a home worth $244,635 five years ago is now worth $285,000.
Is it better to rent or buy in Pawtucket?
The average monthly rent in Pawtucket is $1,738, while estimated monthly homeownership costs are approximately $1,741. The price-to-rent ratio is 13.7. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Rhode Island Cities
Related Resources
Disclaimer: Home value data for Pawtucket, Rhode Island is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.