Pawtucket, RI home values, income, and owner costs

In Pawtucket, RI, the 2024 ACS reports a median owner-occupied home value of $325,500, median household income of $68,310, and median selected monthly owner costs of $1,923 for owners with a mortgage. For the decision at hand, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,923 measure combines recurring ownership expenses rather than real estate taxes alone. In practical terms, a useful affordability review starts with $325,500, $68,310, and $1,923, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Pawtucket, RI's $325,500 median home-value estimate is below the statewide $404,200 estimate, with a reported city-to-state gap of 19.5%. For the decision at hand, that 19.5% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Pawtucket, RI. It does not mean every local property is 19.5% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. In practical terms, a borrower can apply $325,500 and $404,200 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.