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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: 2010

Typical monthly housing payment* for a $170,950 house $1,403
Household income required to afford a $170,950 house $56,107
Average monthly rent for a two-bedroom apartment $1,069
Household income required for that rent to be affordable $42,760
Average private-sector wage for jobs in West Warwick $39,988
Foreclosures in West Warwick  
Actual number of foreclosures 77
Total number of mortgaged housing units 5,845
Foreclosures as a percentage of mortgaged stock 1.30%
Housing Units in West Warwick  
Number of year-round housing units 13,115
Housing units that quality as affordable 1,117
Affordable housing units reserved for the elderly 709
Affordable housing units reserved for families 290
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 195

*Calculated using a 30-year mortgage at 4.69% interest (2010 average rate) with a 3.5% down payment, property taxes (the state's average rate of $16.44 per $1,000 of the home's valuation), hazard insurance ($75/month), and monthly mortgage insurance (1.15%/month).