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Jamestown

MEDIAN HOME PRICE

$430,000

Assumed Down Payment

$15,050

Mortgage Amount

$414,950

Monthly Housing Payment

$2,934

$117,354

Annual Income Needed to Afford This

MEDIAN HOME PRICE: COMPARISON

*Adjusted to 2014 dollars

5 YEAR

2009

$580,126

2014

26% DECREASE

10 YEAR

2004

$594,707

2014

28% 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 2014 dollars

5 YEAR Insufficient Data
10 YEAR Insufficient Data

COST BURDENED OWNERS

26%

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

COST BURDENED RENTERS

49%

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.

$1129

30% OF MEDIAN RENTER HOUSEHOLD INCOME

$923

30% AVERAGE PRIVATE SECTOR WAGE

$405

30% MINIMUM WAGE IN RHODE ISLAND

HOUSING STOCK

TOTAL HOUSING UNITS

3,225

SINGLE-FAMILY

88%

MULTI-FAMILY

12%

BUILDING PERMITS:

19

(New units Authorized)

AFFORDABLE HOUSING

2,529

111

4.40%

142

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

66

29

16

3

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