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Bourne Mill
Artist's Rendering Sandywoods Farm

Tiverton at a Glance:

The town of Tiverton is located in Newport County, Rhode Island. Tiverton is located on the eastern shore of Narragansett Bay, across the Sakonnet River from Aquidneck Island. Together with the adjacent town of Little Compton, the area is disconnected from the rest of the state of Rhode Island. The northern portion of the town is located on Mount Hope Bay.
According to the United States Census Bureau, Tiverton has a total area of 36.3 square miles, of which 7.0 sq mi is water. The northern portion of greater Tiverton is North Tiverton, Rhode Island.
Tiverton was originally incorporated in 1694, as part of the Massachusetts Bay Colony. In 1746, in the final settlement of a long colonial boundary dispute between Rhode Island and Massachusetts, Tiverton was annexed to Rhode Island by Royal Decree (together with its fellow towns along the eastern shore of Narragansett Bay, Barrington, Bristol and Little Compton, and the town of Cumberland, to the north of Providence). Tiverton was then incorporated as a town of Rhode Island in 1747. Until that same year, Tiverton controlled the area of East Freetown, Massachusetts, as an outpost.
Tiverton's governmental structure is composed of a seven-member Town Council and a Town Administrator.

Housing Facts: 2009

Typical monthly housing payment* for a $215,500 house $1,498
Household income required to afford a $215,500 house $59,905
Average monthly rent for a two-bedroom apartment $1,170
Household income required for that rent to be affordable $46,800
Average private-sector wage for jobs in Tiverton $31,512
Housing Units in Tiverton  
Number of year-round housing units 6,283
Housing units that quality as affordable 307
Affordable housing units reserved for the elderly 120
Affordable housing units reserved for families 138
Affordable housing units reserved for persons with special needs 49
Homes funded through Building Homes Rhode Island 111
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 321

*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).