Rent to own Homes in Pawtucket, RI
Pawtucket, Rhode Island, attracts a wide variety of people, because it offers a community atmosphere with all the conveniences of an urban location. Home to Slater Mill, the first water-powered textile mill in the U.S., Pawtucket has a lot of history in its architecture. A web of public bus lines connects residents with their jobs in the city or around the rest of the state. When you live in Pawtucket, your neighbors are likely to work for the Hasbro Toy Company, which makes this city its home. You will know Hasbro Headquarters when you see it, as there is a six-foot tall statue of Mr. Potato Head waiting to greet you. If you want a rent to own home, an apartment, or a house in the area, Pawtucket might be just the right place for you.
Pawtucket, RI is a great place for affordable rent-to-own homes! With a median household income of over $52,902 and a median rent of $933, the Pawtucket, RI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Pawtucket, RI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Pawtucket, RI Property Resources
Rent to own Homes in Cities Near Pawtucket, RI
- Assonet
- Attleboro
- Attleboro Falls
- Barrington
- Bellingham
- Bristol
- Central Falls
- Chepachet
- Clayville
- Cranston
- Cumberland
- Cumberland Hill
- Dighton
- East Douglas
- East Providence
- Fall River
- Foster Center
- Foxboro
- Foxborough
- Franklin
- Greene
- Greenville
- Harrisville
- Hopedale
- Hopkinton
- Mansfield Center
- Medfield
- Middletown
- Milford
- Millis
- Millis-Clicquot
- Millville
- Norfolk
- North Attleborough Town
- North Westport
- Norton
- Norton Center
- Oakland
- Raynham Center
- Seekonk
- Sharon
- Somerset
- South Walpole
- Stoughton
- Swansea
- Taunton
- Walpole
- Whitinsville
- Woonsocket
- Wrentham
Neighborhoods in Pawtucket, RI
Pleasant View rent to own homes Downtown Pawtucket rent to own homes Pine Crest rent to own homes Oak Hill rent to own homes Quality Hill rent to own homes Slater Park rent to own homes Pawtucket rent to own homes East Riverview rent to own homes West Riverview rent to own homes Beverage Hill The Plains rent to own homesPopular Zip Codes in Pawtucket, RI
02862 rent to own homes 02860 rent to own homes 02861 rent to own homesBuying a Home in Pawtucket, RI
Pawtucket, RI is seeing rapid growth and Pawtucket, RI's' housing market remains optimal with an average home price that is -2% below the 2024 national average. Pawtucket, RI is part of Providence county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Providence is 1.31% which is above the national average, which is 0.99%.
Median Home Price in Pawtucket, RI
Median Rent in Pawtucket, RI
Top Reasons to Live in Pawtucket RI
Housing Statistics If you plan to purchase a home, Pawtucket has a variety of neighborhoods in price ranges to fit every budget. In the past year, the median home sale price was $138,000, which was calculated from the sale of 174 houses. Roughly 50 percent of homes are owner-occupied, while the rest are rented or rent to own. There is a vacancy rate of approximately 6 percent, which means there is a nice balance between it being easy to locate a rental house or house for sale and not having to live among abandoned or vacant homes.
Pawtucket Nightlife Everything is nearby when you live in Pawtucket, which is great for going out on the town. Locals love the music scene at The Met, and those who enjoy world-class acting buy season tickets to the Gamm Theatre. The best local bars have deep Irish roots, including Doherty's East Ave Irish Pub, Sullivan's Publick House, and Murphy's Law. For a memorable night, try pairing any of the above locales.
Local Restaurants Pawtucket has a good variety of restaurants, from casual spots to Italian, with a few eateries thrown in for special meals. Favorites include the Garden Grille Cafe, which is completely vegetarian. It's so good that local omnivores frequent this spot and don't even miss meat. Hose Company Number 6 is located in a former fire station, originally built in 1895. You can see and touch the fire pole, though sadly, patrons aren't allowed to test it out. Spumoni's is the best Italian food you can find in the city, offered at great prices, so going out doesn't cost an arm and a leg. Finally, no description of Pawtucket dining would be complete without a mention of the Modern Diner - an old-fashioned diner offering a stunning array of breakfast favorites and creative new brunch dishes.
Pawtucket Neighborhoods There are ten notable neighborhoods in Pawtucket, most of which have long histories with residents who have been in their homes for decades. This makes it a pleasure to join the community, as folks are quick to make your acquaintance and tell you the stories associated with your new home. Many Pawtucket residents function as unofficial Neighborhood Watch volunteers, and they will keep an eye on things while you are at work or out of town.