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Exeter

MEDIAN HOME PRICE

$282,000

Assumed Down Payment

$9,870

Mortgage Amount

$272,130

Monthly Housing Payment

$1,942

$77,680

Annual Income Needed to Afford This

MEDIAN HOME PRICE: COMPARISON

*Adjusted to 2015 dollars

5 YEAR

2010

$338,633

2015

17% DECREASE

10 YEAR

2005

$473,329

2015

40% DECREASE

AVERAGE 2-BEDROOM RENT

N/A
Not enough data available

N/A

Annual Income Needed to Afford This

AVERAGE 2-BEDROOM RENT: COMPARISON

*Adjusted to 2015 dollars

5 YEAR Insufficient Data
10 YEAR Insufficient Data

COST BURDENED OWNERS

29%

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

COST BURDENED RENTERS

56%

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

$943

30% AVERAGE PRIVATE SECTOR WAGE

$432

30% MINIMUM WAGE IN RHODE ISLAND

HOUSING STOCK

TOTAL HOUSING UNITS

2,537

SINGLE-FAMILY

96%

MULTI-FAMILY

4%

BUILDING PERMITS:

6

(New units Authorized)

AFFORDABLE HOUSING

2,453

57

2.30%

188

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

0

33

24

27

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