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Callaghan Gardens

Pawtucket at a Glance:

The city of Pawtucket is located in Providence County, Rhode Island. It is the fourth largest city in the state. It was founded as a town in 1671, and incorporated as a city in 1886. According to the United States Census Bureau, the city has a total area of 9.0 square miles, of which 0.3 square miles is water. Pawtucket lies within three drainage basins. These include the Blackstone River, the tidal Seekonk River, and the Ten Mile River. Pawtucket's governmental structure is composed of a Mayor and a nine-member City Council, consisting ofthree Councilors-at-Large and six Disrict Councilors.

Housing Facts: 2009

Typical monthly housing payment* for a $149,900 house $1,103
Household income required to afford a $149,900 house $44,114
Average monthly rent for a two-bedroom apartment $982
Household income required for that rent to be affordable $39,280
Average private-sector wage for jobs in Pawtucket $37,700
Housing Units in Pawtucket  
Number of year-round housing units 31,748
Housing units that quality as affordable 2,722
Affordable housing units reserved for the elderly 1,351
Affordable housing units reserved for families 1,154
Affordable housing units reserved for persons with special needs 217
Homes funded through Building Homes Rhode Island 50
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 453

*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).