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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: 2011

Typical monthly housing payment* for a $156,300 house $1,347
Household income required to afford a $156,300 house $53,899
Average monthly rent for a two-bedroom apartment $1,027
Household income required for that rent to be affordable $41,080
Average private-sector wage for jobs in North Providence $33,852
Foreclosures in North Providence  
Actual number of foreclosures 117
Total number of mortgaged housing units 6,227
Foreclosures as a percentage of mortgaged stock 1.90%
Housing Units in North Providence  
Number of year-round housing units 15,317
Housing units that quality as affordable 1,055
Affordable housing units reserved for the elderly 922
Affordable housing units reserved for families 14
Affordable housing units reserved for persons with special needs 119
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 477

*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).