Housing in Pawtucket
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Pawtucket, Rhode Island
The Pawtucket housing market offers a range of options, with a median property value of $325,500 in 2024, which is slightly lower than the national average. The homeownership rate stands at 50.1%, indicating a significant portion of residents are homeowners. The median rent for an apartment in the city center is approximately $1,788 per month, with a 1-bedroom apartment averaging around $1,800. Housing prices have seen an increase, with a 13.7% rise in median property value between 2023 and 2024, reflecting a stable and growing market.
Housing
About Pawtucket, Rhode Island
Pawtucket, Rhode Island, is a city with a rich industrial heritage, historically known as a hub for textile manufacturing and innovation. Founded in 1671 at the Blackstone River falls, it played a pivotal role in the American Industrial Revolution, notably with the Slater Mill Historic Site, which housed Samuel Slater's first cotton spinning machines in 1793. This legacy has shaped Pawtucket into a city that balances its historical significance with ongoing efforts towards economic diversification and community development. Today, Pawtucket is a vibrant urban center within Providence County, offering a blend of historical charm and modern amenities, making it an attractive place for residents and businesses alike.
About Rhode Island
Rhode Island, the smallest U.S. state, offers a coastal New England lifestyle with a strong sense of community. Its economy is diverse, with major industries including healthcare and social assistance, manufacturing, education, professional and technical services, finance and insurance, and tourism and hospitality. Living in Rhode Island is generally more expensive than the national average, particularly due to higher housing and utility costs, though groceries and healthcare are more in line with national averages. The state experiences a New England climate with cold, snowy winters and warm summers, and its small size means beaches and urban amenities are usually a short drive away.