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Housing Facts: 2012

Typical monthly housing payment* for a $190,000 house $1,434
Household income required to afford a $190,000 house $57,353
Average monthly rent for a two-bedroom apartment $1,176
Household income required for that rent to be affordable $47,040
Average private-sector wage for jobs in Rhode Island $47,632
Foreclosures in Rhode Island  
Actual number of foreclosures 1,633
Total number of mortgaged housing units 184,213
Foreclosures as a percentage of mortgaged stock 0.90%
Housing Units in Rhode Island  
Number of year-round housing units 445,902
Housing units that quality as affordable 36,910
Affordable housing units reserved for the elderly 19,558
Affordable housing units reserved for families 13,619
Affordable housing units reserved for persons with special needs 3,733
Homes funded through Building Homes Rhode Island 1,300
How much housing is needed?  
Additional housing units necessary to meet the 10% threshold established by the State's Low and Moderate Income Housing Act of 2004 13,081