• 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

$185,000

Assumed Down Payment

$6,475

Mortgage Amount

$178,525

Monthly Housing Payment

$1,417

$56,687

Annual Income Needed to Afford This

MEDIAN HOME PRICE: COMPARISON

*Adjusted to 2015 dollars

5 YEAR

2010

$206,550

2015

10% DECREASE

10 YEAR

2005

$315,552

2015

41% DECREASE

AVERAGE 2-BEDROOM RENT

$1,252

$50,080

Annual Income Needed to Afford This

AVERAGE 2-BEDROOM RENT: COMPARISON

*Adjusted to 2015 dollars

5 YEAR

2010

$1,216

2015

3% INCREASE

10 YEAR

2005

$1,330

2015

6% DECREASE

COST BURDENED OWNERS

34%

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.

$769

30% OF MEDIAN RENTER HOUSEHOLD INCOME

$1120

30% AVERAGE PRIVATE SECTOR WAGE

$432

30% MINIMUM WAGE IN RHODE ISLAND

HOUSING STOCK

TOTAL HOUSING UNITS

21,106

SINGLE-FAMILY

55%

MULTI-FAMILY

45%

BUILDING PERMITS:

0

(New units Authorized)

AFFORDABLE HOUSING

21,363

2,098

9.80%

38

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

117

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