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

West Warwick at a Glance:

The town of West Warwick is located in Kent County, Rhode Island. West Warwick was incorporated in 1913, making it the youngest town in the state. Prior to 1913, the town, situated on the western bank of the Pawtuxet River, was the population and industrial center of the larger town of Warwick. According to the United States Census Bureau, West Warwick has a total area of 8.1 square miles, of which 0.2 square miles is water.

West Warwick has a council-manager form of government. There are five town councilors, one for each of the town's wards. Each is elected to a two-year term.

Housing Facts: 2011

Typical monthly housing payment* for a $150,023 house $1,263
Household income required to afford a $150,023 house $50,520
Average monthly rent for a two-bedroom apartment $995
Household income required for that rent to be affordable $39,800
Average private-sector wage for jobs in West Warwick $42,328
Foreclosures in West Warwick  
Actual number of foreclosures 115
Total number of mortgaged housing units 5,669
Foreclosures as a percentage of mortgaged stock 2.00%
Housing Units in West Warwick  
Number of year-round housing units 13,813
Housing units that quality as affordable 1,119
Affordable housing units reserved for the elderly 709
Affordable housing units reserved for families 292
Affordable housing units reserved for persons with special needs 118
Homes funded through Building Homes Rhode Island 5
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 262

*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).