The population of Pawcatuck is comprised mostly of medium-sized homes and apartment buildings. This means that most homes are occupied by both renters and owners. However, there are a few older homes that are worth considering. The average home is just over three years old. There is also a high rate of vacant houses. The city is also home to a number of businesses. Its economy is primarily based on mill worker housing, so it's no surprise that housing is expensive in Pawcatuck.
In terms of ethnicity, Pawcatuck has more Portuguese and French Canadian residents than any other neighborhood in the United States. The average working population of Pawcatuck has a multi-ethnic background, with nearly 8% of residents claiming Portuguese or French ancestry. Despite this diversity, the town's population has an interesting language mix, with nearly one-in-four residents speaking Polish at home.
The economic profi le in Pawcatuck follows a stakeholder survey. This survey took place in the fall of 2004 and focused on revitalization needs and opportunities. The economic profi le examines site, location, and physical issues. In addition to this, the neighborhood assessment provides context for targeted development opportunities. The consultants at Phillips Preiss Shapiro Associates have identified four sites for possible development. They also talk about alternative reuse options.
In terms of real estate, the median real estate price in Pawcatuck is $367,701. This is slightly higher than the average in all of Connecticut and the United States. In terms of rent, the average price for a two-bedroom unit is around $800, a bit lower than in most of Connecticut and the rest of Connecticut. If you're looking to buy or rent an apartment in Pawcatuck, be sure to check out our local listings.