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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Pawtucket, RI Housing Affordability Index

Pawtucket, Rhode Island has an MBR Housing Affordability Index score of 78.6 (Moderately Less Affordable) as of October 30, 2026, ranking 17th most affordable of 24 scored Rhode Island cities, compared with 81.2 statewide and 97.4 nationally. On a median-priced $325,500 home with 20% down, the Rhode Island average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $1,775, or 31% of the city’s $68,310 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Pawtucket is updated every night from live Rhode Island mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Pawtucket MBR-HAI 78.6 Moderately Less Affordable
Rank in Rhode Island 17 of 24 1 = most affordable
Rhode Island 81.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.24% Rhode Island lenders
Median home value $325,500 U.S. Census Bureau

Pawtucket is 2.6 points below the Rhode Island score. Scores as of October 30, 2026. See the Rhode Island index

View Pawtucket Mortgage Rates

See What You Can Afford in Pawtucket, Rhode Island

Use this Pawtucket, Rhode Island home affordability calculator to see how much house you can afford at today’s Rhode Island average 30-year mortgage rate of 7.24%. A household earning the Pawtucket median income of $68,310, with no other debts and $65,000 down, can afford a home of about $245,659, compared with a median home value of $325,500. Buying the median priced home with 20% down takes a household income of about $96,700 once property tax and insurance are counted.

Pawtucket median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Rhode Island average, 30-year fixed
Pawtucket median bill (Census)
Estimate; use your quote
You can afford a home up to
$245,659
Below the Pawtucket median home value of $325,500
Loan amount$180,659
Principal & interest$1,232/mo
Property tax$260/mo
Home insurance$102/mo
PMI$0/mo
Total monthly payment$1,594/mo
Compare Pawtucket Mortgage Rates

How much house can you afford in Pawtucket?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Pawtucket, property taxes run about 1.27% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,636 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Pawtucket

$1,775/mo
Principal & Interest
Median home, 20% down, 7.24%
$76,100
Income Needed
To keep principal and interest at 28% of income
$68,310
Median Household Income
Rhode Island: $87,796
4.8x
Price-to-Income Ratio
Rhode Island: 4.6x
$1,654/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,148/yr
Median Property Tax
1.27% of median value
32.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
44.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Pawtucket, Rhode Island. The rate is the Rhode Island average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Pawtucket Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Pawtucket, Rhode Island score: 78.6 (Moderately Less Affordable), ranked 17 of 24 Rhode Island cities. monitorbankrates.com/housing-affordability-index/rhode-island/pawtucket”