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Sweetbriar
Sweetbriar

Barrington at a Glance:

The town of Barrington was incorporated in 1770. It is located in Bristol County, approximately 9 miles southeast of Providence. It covers 15.8 square miles, 6.9 of which are water. Its conservation areas range from fragile marshlands to natural wooded areas. Barrington’s governmental structure is made up of a five member elected Town Council and a Town Manager.

Housing Facts: 2009

Typical monthly housing payment* for a $305,500 house $2,143
Household income required to afford a $305,500 house $85,704
Average monthly rent for a two-bedroom apartment $1,307
Household income required for that rent to be affordable $52,280
Average private-sector wage for jobs in Barrington $29,120
Housing Units in Barrington  
Number of year-round housing units 6,137
Housing units that quality as affordable 125
Affordable housing units reserved for the elderly 60
Affordable housing units reserved for families 30
Affordable housing units reserved for persons with special needs 35
Homes funded through Building Homes Rhode Island 61
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 489

*Calculated using a 30-year mortgage at 5.04% interest (2009 average rate) with a 5.75% down payment (which includes a 3.5% down payment and a 2.25% one-time mortgage insurance fee), property taxes (the state's average rate of $14.36 per $1,000 of the home's valuation), hazard insurance ($60/month), and monthly mortgage insurance (0.6%/month).