The story of this market
The typical home in ZIP 02861 sells for about $340,000, or $223 per square foot.
Prices are up +1.4% from a year ago, so sellers still have some momentum. Homes take about 12 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,008 a month.
ZIP 02861 — Pawtucket
The 02861 housing market is currently competitive with a median sale price of $340,000 and a low inventory of 44 active listings. While home values have seen a modest year-over-year increase of 1.4%, the market is characterized by rapid sales, with a median of 12 days on market. High demand relative to supply continues to drive market conditions.
This ZIP code is well-suited for commuters and families seeking relatively more affordable housing options compared to surrounding areas, while maintaining access to urban services.
Median prices moved up 1.4% year over year.
Homes spend a median of 12 days on market with 22.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 11.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 02861, Providence County RI
The area is served by 7 schools, with educational quality generally characterized as meeting standard state benchmarks.
FEMA's National Risk Index rates the county's overall natural-hazard risk as Relatively Moderate, with coldwave, heatwave, and icestorm identified as the top-rated hazards.
The area benefits from proximity to regional employment hubs in Providence, with a local economy anchored by health care, accommodation, and administrative services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Rhode Island) — Local Property Tax Assessment: Property is assessed at full and fair cash value. The tax is calculated by multiplying the assessed value by the local tax rate (mill rate). Municipalities may apply homestead exemptions or tax classifications (residential vs. commercial) as authorized by state law.
Residents primarily commute toward the Providence employment core via local highway corridors and public transit options.
The area features local parks and urban amenities within a 3-mile radius, providing access to community green spaces and neighborhood shopping districts.
The rental market shows steady demand with a typical rent of $2,008 per month, reflecting a 3.7% increase over the past year.
The local economy is driven by the health care, accommodation, and food service sectors, with a regional average weekly wage of $1,251.
The area is served by regional highway corridors connecting to Providence and surrounding metropolitan employment centers.
Development activity is focused on urban infill and residential maintenance within the existing city infrastructure.
Property assessments are managed by the Pawtucket municipal tax assessor's office.
Parcels are subject to municipal property taxes and standard school district levies.
Property insurance premiums are influenced by regional hazard risks, including winter weather events and moderate flood exposure.
Data retrieved from US Census Bureau ZCTA profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
- Gillette Stadium4.615.2 mi
- The Xfinity Center4.210.3 mi
- Supercharged Entertainment4.511.6 mi
- Patriot Place4.615.1 mi
- Amica Mutual Pavilion4.45.2 mi
- Bally's Lincoln3.94.9 mi
- Roger Williams Park Zoo4.67.1 mi
- RISD Museum4.74.8 mi
- Lincoln Woods State Park4.64.3 mi
- Showcase Cinema de Lux North Attleboro4.65 mi
- RISD Museum4.74.8 mi
- Lizzie Borden House (A Bed and Breakfast & Museum)4.816.2 mi
- Providence Children's Museum4.65.4 mi
- Blithewold Manor, Gardens & Arboretum4.716.4 mi
- The Providence Athenaeum4.84.7 mi
- Lincoln Woods State Park4.64.3 mi
- Roger Williams Park4.76.8 mi
- Slater Memorial Park4.60.8 mi
- Roger Williams Park Botanical Center4.77.3 mi
- Prospect Terrace4.74.5 mi
- The Cove | Restaurant & Marina4.315.5 mi
- Herreshoff Marine Museum4.715.6 mi
- Harbor Lights Dining Events Golf Marina4.413.6 mi
- East Providence Yacht Club4.34.8 mi
- Rhode Island Yacht Club4.68.1 mi
- Topgolf Rhode Island4.310.4 mi
- TPC Boston4.79.6 mi
- Kirkbrae Country Club4.67.2 mi
- Triggs Memorial Golf Course4.26.4 mi
- Swansea Country Club4.49.3 mi
- Wrentham Village Premium Outlets4.510.9 mi
- Providence Place4.44.9 mi
- Warwick Mall4.312.6 mi
- Garden City Center4.69.9 mi
- Emerald Square Mall44.5 mi
- Rhode Island T.F. Green International Airport4.411.6 mi
- Boston Skydive Center57.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major local park featuring recreational facilities and green space.
The central district offering various retail and dining establishments.
Key-figure check: median price diverges 18.1% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.