Click | Left Click | Right
Kane's Way

Bristol at a Glance:

The town of Bristol was incorporated in 1746. It is a deepwater seaport town located in Bristol County. It covers 20.6 square miles, 10.5 of which are water. Bristol’s governmental structure is composed of a five member elected Town Council and a Town Administrator. Bristol is a community rich in history, volunteerism, ethnic diversity and beautiful settings. Once known mostly for boat building, it has now been discovered as a wonderful place to "live, work and play". The Town offers a variety of museums, restaurants, bed and breakfasts, and shops for both its residents and visitors.

Housing Facts: 2010

Typical monthly housing payment* for a $281,750 house $2,004
Household income required to afford a $281,750 house $80,169
Average monthly rent for a two-bedroom apartment $1,209
Household income required for that rent to be affordable $48,360
Average private-sector wage for jobs in Bristol $30,836
Foreclosures in Bristol  
Actual number of foreclosures 13
Total number of mortgaged housing units 3,917
Foreclosures as a percentage of mortgaged stock 0.30%
Housing Units in Bristol  
Number of year-round housing units 8,575
Housing units that quality as affordable 532
Affordable housing units reserved for the elderly 359
Affordable housing units reserved for families 97
Affordable housing units reserved for persons with special needs 76
Homes funded through Building Homes Rhode Island 19
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 326

*Calculated using a 30-year mortgage at 4.69% interest (2010 average rate) with a 3.5% down payment, property taxes (the state's average rate of $16.44 per $1,000 of the home's valuation), hazard insurance ($75/month), and monthly mortgage insurance (1.15%/month).