Click | Left Click | Right
Browning Mill Pond

Exeter at a Glance:

Exeter is a town in Washington County, Rhode Island. It extends east from the Connecticut border to the town of North Kingstown. It is bordered to the north by West Greenwich and East Greenwich, and to the south by Hopkinton, Richmond and South Kingstown. The town has a total area of 58.4 square miles, of which 0.7 square miles is water. Exeter's governmental structure is made up of a five member elected Town Council.

Housing Facts: 2009

Typical monthly housing payment* for a $285,000 house $1,957
Household income required to afford a $285,000 house $78,271
Average monthly rent for a two-bedroom apartment $1,170
Household income required for that rent to be affordable $46,800
Average private-sector wage for jobs in Exeter $36,868
Housing Units in Exeter  
Number of year-round housing units 2,158
Housing units that quality as affordable 51
Affordable housing units reserved for the elderly 0
Affordable housing units reserved for families 27
Affordable housing units reserved for persons with special needs 24
Homes funded through Building Homes Rhode Island 26
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 165

*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).