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North Providence at a Glance:

The town of North Providence is located in Providence County, Rhode Island. The town has the distinction of being the smallest by area (5.8 square miles, 0.1 square miles of which is water) in the smallest state (1,214 square miles). Within the town, there are several villages and neighborhoods, such as Allendale, Centredale, Fruit Hill, Greystone, Louisquisset, Lymansville, Marieville, Woodville, and Geneva. Established in 1636 and incorporated as a town in 1765, it originally included parts of what are today the cities of Providence and Pawtucket. North Providence elected its first mayor in 1974. Since then, the town has been governed by a mayor and seven-member town council.

Housing Facts: 2010

Typical monthly housing payment* for a $170,000 house $1,370
Household income required to afford a $170,000 house $54,820
Average monthly rent for a two-bedroom apartment $1,119
Household income required for that rent to be affordable $44,760
Average private-sector wage for jobs in North Providence $30,004
Foreclosures in North Providence  
Actual number of foreclosures 92
Total number of mortgaged housing units 6,271
Foreclosures as a percentage of mortgaged stock 1.50%
Housing Units in North Providence  
Number of year-round housing units 14,793
Housing units that quality as affordable 1,068
Affordable housing units reserved for the elderly 922
Affordable housing units reserved for families 14
Affordable housing units reserved for persons with special needs 132
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 411

*Calculated using a 30-year mortgage at 4.69% interest (2010 average rate) with a 3.5% down payment, property taxes (the state's average rate of $16.44 per $1,000 of the home's valuation), hazard insurance ($75/month), and monthly mortgage insurance (1.15%/month).