Click | Left Click | Right
Beavertail Lighthouse Museum

Jamestown at a Glance:

Jamestown is a town located in Newport County, Rhode Island. Jamestown is situated almost entirely on Conanicut Island, the second largest island in Narragansett Bay. According to the United States Census Bureau, the town has a total area of 35.3 square miles, 25.6 square miles of which is water. The total area is 72.55% water. Jamestown's governmental structure is composed of a five-member Town Council and a Town Administrator.

Housing Facts: 2009

Typical monthly housing payment* for a $525,750 house $3,294
Household income required to afford a $525,750 house $131,759
Average monthly rent for a two-bedroom apartment $1,637
Household income required for that rent to be affordable $65,480
Average private-sector wage for jobs in Jamestown $34,320
Housing Units in Jamestown  
Number of year-round housing units 2,428
Housing units that quality as affordable 103
Affordable housing units reserved for the elderly 66
Affordable housing units reserved for families 26
Affordable housing units reserved for persons with special needs 11
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 140

*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).