• strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /mnt/stor17-wc1-ord1/350461/501661/www.housingworksri.org/web/content/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 0.
  • warning: Parameter 1 to hwri_user_login_block() expected to be a reference, value given in /mnt/stor17-wc1-ord1/350461/501661/www.housingworksri.org/web/content/includes/theme.inc on line 669.
East Providence

MEDIAN HOME PRICE

$171,000

Assumed Down Payment

$5,985

Mortgage Amount

$165,015

Monthly Housing Payment

$1,417

$56,687

Annual Income Needed to Afford This

MEDIAN HOME PRICE: COMPARISON

*Adjusted to 2014 dollars

5 YEAR

2009

$209,651

2014

18% DECREASE

10 YEAR

2004

$296,413

2014

42% DECREASE

AVERAGE 2-BEDROOM RENT

$1,232

$49,280

Annual Income Needed to Afford This

AVERAGE 2-BEDROOM RENT: COMPARISON

*Adjusted to 2014 dollars

5 YEAR

2009

$1,197

2014

3% INCREASE

10 YEAR

2004

$1,291

2014

5% DECREASE

COST BURDENED OWNERS

37%

A household is cost burdened if it spends more than 30% of its income on housing costs

COST BURDENED RENTERS

45%

A household is cost burdened if it spends more than 30% of its income on housing costs

AFFORDABILITY GAP

Housing is considered affordable when a household spends less than 30% of its income on housing costs.

$686

30% OF MEDIAN RENTER HOUSEHOLD INCOME

$1087

30% AVERAGE PRIVATE SECTOR WAGE

$405

30% MINIMUM WAGE IN RHODE ISLAND

HOUSING STOCK

TOTAL HOUSING UNITS

21,713

SINGLE-FAMILY

54%

MULTI-FAMILY

46%

BUILDING PERMITS:

3

(New units Authorized)

AFFORDABLE HOUSING

21,363

2,097

9.80%

39

Number of year-round housing units

Housing units that qualify as affordable

% of year-round housing that is affordable

Affordable housing needed to meet 10% goal

1,389

592

116

6

Affordable housing units reserved for the elderly

Affordable housing units reserved for families

Affordable housing units reserved for persons with special needs

Homes funded through Building Homes Rhode Island

Methods and Sources