The typical owner-occupied home in Pawtucket is worth about $325,500, 19% below the Rhode Island median of $404,200 and about the same as the national median of $332,700. Owners pay a median $4,115 a year in property taxes, about 1.26% of their home's value, close to the Rhode Island rate of 1.21%. The median household earns $68,310 a year, so the median home costs 4.8 times the median income (4.6 times for Rhode Island). 50% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Pawtucket at a glance
| Pawtucket | Rhode Island | U.S. | |
|---|---|---|---|
| Median home value | $325,500 | $404,200 | $332,700 |
| Median property tax paid per year | $4,115 | $4,900 | $3,119 |
| Property tax as a share of value | 1.26% | 1.21% | 0.94% |
| Median household income | $68,310 | $87,796 | $80,734 |
| Homes lived in by their owners | 50% | 64% | 65% |
| Owner homes with a mortgage | 71% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,923 | $2,234 | $1,963 |
| Those costs as a share of the owners' income | 24.2% | 22.1% | 21.0% |
| Median rent | $1,208 | $1,342 | $1,413 |
| Rent as a share of renters' income | 28.0% | 29.2% | 30.6% |
| Median year homes were built | 1947 | 1962 | 1980 |
| Vacant homes | 6.7% | 9.1% | 10.1% |
| Population | 75,893 | 1,101,801 | 334,922,499 |
What a typical home costs per month in Pawtucket
At this week's average 30-year rate of 7.11%, buying the median Pawtucket home of $325,500 with 20% down costs about $2,229 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,771, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $95,534 for the 20%-down payment. That payment is 39% of the median Pawtucket household income of $68,310; at that income and 20% down, the 28% guideline points to a home of about $233,000.
The median rent here is $1,208 a month, so owning the median home costs about $1,021 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $65,100 |
|---|---|
| Loan amount | $260,400 |
| Principal and interest | $1,752 |
| Property taxes (1.26% a year) | $342 |
| Homeowners insurance (our estimate, 0.5% a year) | $136 |
| PMI | $0 |
| Total per month | $2,229 |
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| Down payment | $11,392 |
|---|---|
| Loan amount | $319,604 |
| Principal and interest | $2,150 |
| Property taxes (1.26% a year) | $342 |
| Homeowners insurance (our estimate, 0.5% a year) | $136 |
| FHA mortgage insurance | $144 |
| Total per month | $2,771 |
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Questions about home buying in Pawtucket
What is the median home value in Pawtucket?
About $325,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pawtucket?
Homeowners pay a median $4,115 a year, which is about 1.26% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Pawtucket?
For the median home with 20% down at 7.11%, the payment is about $2,229 a month. Keeping that under 28% of gross income takes about $95,534 a year.
More about Pawtucket
- Mortgage Refinance in Pawtucket
- Debt Relief in Pawtucket
- Home Equity Loans in Pawtucket
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data