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Herb Farm Barn, Chepachet

Glocester at a Glance:

Glocester is a town in Providence County, Rhode Island. The villages of Chepachet and Harmony are in Glocester. Glocester was part of Providence until 1731. North Glocester was incorporated as the separate town of Burrillville in 1806. According to the United States Census Bureau, the town has a total area of 56.8 square miles, 2.0 square miles of which are water. Glocester is governed by a five-member Town Council, which meets on the first and third Thursdays of each month at 7:30 pm at the Town Hall in Chepachet.

Housing Facts: 2011

Typical monthly housing payment* for a $180,000 house $1,499
Household income required to afford a $180,000 house $59,971
Average monthly rent for a two-bedroom apartment $1,150
Household income required for that rent to be affordable $46,000
Average private-sector wage for jobs in Glocester $27,716
Foreclosures in Glocester  
Actual number of foreclosures 21
Total number of mortgaged housing units 2,466
Foreclosures as a percentage of mortgaged stock 0.90%
Housing Units in Glocester  
Number of year-round housing units 3,848
Housing units that quality as affordable 82
Affordable housing units reserved for the elderly 62
Affordable housing units reserved for families 5
Affordable housing units reserved for persons with special needs 15
Homes funded through Building Homes Rhode Island 0
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 303

*Calculated using a 30-year mortgage at 4.45% interest (2011 average rate) with a 3.5% down payment, property taxes (the state's median rate of $17.95 per the $1000 of the home's valuation), hazard insurance ($100/month), monthly mortgage insurance (1.25%/month).