Rent, population, and median household income are important factors to consider for a 1031 exchange in Pawtucket due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Pawtucket, Rhode Island is a part of the Providence Submarket submarket area, and contains 3 zip codes: 02860, 02862, and 02861.
Pawtucket Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Pawtucket, RI submarket area was $1,667, which is 11.06% lower than 2014 average rent. This represents a compounded annual growth rate of 2.12%. 2019 vacancy in Pawtucket, RI was 4.20%.
The total population of the city of Pawtucket, RI has grown 0.98% since 2010. As of 2018, the population was 71,847. The median household income of the Pawtucket was $46,938, which is 22.15% lower than the national average.
- submarket area Providence Submarket
- avg rent $1,667
- rent growth 11.06%
- vacancy 4.20%
- median income $46,938
- population (2018) 71,847
- population growth 0.98%
- vs. nat'l avg 22.15%
- zip codes 02860 02861 02862