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Long-term affordable ownership home developed by House of Hope CDC. Funded in part through BHRI.

Warwick at a Glance:

The city of Warwick is located in Kent County, Rhode Island. It is the second largest city in the state, with a population of 85,808 at the 2000 census. Warwick was founded as a town in 1642 by Samuel Gorton. It was then incorporated as a city in 1931. According to the United States Census Bureau, the city has a total area of 49.6 square miles, of which 14.1 square miles is water.

Warwick's governmental structure is composed of a nine-member City Council and a Mayor.

Housing Facts: 2013

Typical monthly housing payment* for a $165,000 house $1,318
Household income required to afford a $165,000 house $52,724
Average monthly rent for a two-bedroom apartment $1,272
Household income required for that rent to be affordable $50,880
Average private-sector wage for jobs in Warwick $42,276
Foreclosures in Warwick  
Actual number of foreclosures 177
Total number of mortgaged housing units 18,952
Foreclosures as a percentage of mortgaged stock 0.93%
Housing Units in Warwick  
Number of year-round housing units 37,244
Housing units that quality as affordable 1,997
Affordable housing units reserved for the elderly 1,657
Affordable housing units reserved for families 149
Affordable housing units reserved for persons with special needs 191
Homes funded through Building Homes Rhode Island 10
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 1,727