• strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /mnt/stor17-wc1-ord1/350461/501661/www.housingworksri.org/web/content/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 13.
  • warning: Parameter 1 to hwri_user_login_block() expected to be a reference, value given in /mnt/stor17-wc1-ord1/350461/501661/www.housingworksri.org/web/content/includes/theme.inc on line 669.
New Shoreham

MEDIAN HOME PRICE

$1,200,000

Assumed Down Payment

$42,000

Mortgage Amount

$1,158,000

Monthly Housing Payment

$7,016

$280,635

Annual Income Needed to Afford This

MEDIAN HOME PRICE: COMPARISON

*Adjusted to 2015 dollars

5 YEAR

2010

$1,386,060

2015

13% DECREASE

10 YEAR Insufficient Data

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

32%

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

COST BURDENED RENTERS

31%

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

$878

30% AVERAGE PRIVATE SECTOR WAGE

$432

30% MINIMUM WAGE IN RHODE ISLAND

HOUSING STOCK

TOTAL HOUSING UNITS

1,834

SINGLE-FAMILY

87%

MULTI-FAMILY

13%

BUILDING PERMITS:

9

(New units Authorized)

AFFORDABLE HOUSING

555

59

10.60%

0

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

59

0

11

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