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Mt. Hope Bridge

Portsmouth at a Glance:

The town of Portsmouth is located in Newport County, Rhode Island. According to the United States Census Bureau, the town has a total area of 59.3 square miles, of which 36.1 square miles is water. Most of its land area lies on Aquidneck Island, which it shares with Middletown and Newport. In addition, Portsmouth encompasses some smaller islands, including Prudence Island, Patience Island, Hope Island, and Hog Island. Portsmouth was settled in 1638 by a group of religious dissenters from Boston Colony. It was founded by the signers of the Portsmouth Compact. Its original Indian name was Pocasset. It was officially named Portsmouth on May 12, 1639. Portsmouth's governmental structure is composed of a seven-member Town Council and a Town Administrator.

Housing Facts: 2012

Typical monthly housing payment* for a $292,500 house $2,062
Household income required to afford a $292,500 house $82,469
Average monthly rent for a two-bedroom apartment $1,391
Household income required for that rent to be affordable $55,640
Average private-sector wage for jobs in Portsmouth $53,352
Foreclosures in Portsmouth  
Actual number of foreclosures 4
Total number of mortgaged housing units 3,665
Foreclosures as a percentage of mortgaged stock 0.10%
Housing Units in Portsmouth  
Number of year-round housing units 7,412
Housing units that quality as affordable 209
Affordable housing units reserved for the elderly 167
Affordable housing units reserved for families 12
Affordable housing units reserved for persons with special needs 30
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 532