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Housing Facts: 2013

Typical monthly housing payment* for a $205,000 house $1,580
Household income required to afford a $205,000 house $63,192
Average monthly rent for a two-bedroom apartment $1,154
Household income required for that rent to be affordable $46,160
Average private-sector wage for jobs in Rhode Island $48,568
Foreclosures in Rhode Island  
Actual number of foreclosures 1,469
Total number of mortgaged housing units 184,213
Foreclosures as a percentage of mortgaged stock 0.80%
Housing Units in Rhode Island  
Number of year-round housing units 455,902
Housing units that quality as affordable 36,918
Affordable housing units reserved for the elderly 19,559
Affordable housing units reserved for families 13,578
Affordable housing units reserved for persons with special needs 3,781
Homes funded through Building Homes Rhode Island 1,357
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 13,142