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North Glen Townhouses developed by Washington County CDC. Funded in part through BHRI.
North Glen Townhouses developed by Washington County CDC. Funded in part through BHRI.

Westerly at a Glance:

Westerly is a town on the south shore of Washington County, Rhode Island, and was founded in 1669. It is Rhode Island's westernmost town. The Pawcatuck River flows on the western border of Westerly. The Pawcatuck River also serves as the boundary between Westerly and Pawcatuck, Connecticut. According to the United States Census Bureau, the town has a total area of 74.8 square miles, of which 44.7 square miles is water.
Westerly's governmental structure is comprised of a seven-member Town Council and a Town Manager.

Housing Facts: 2012

Typical monthly housing payment* for a $285,000 house $1,905
Household income required to afford a $285,000 house $76,182
Average monthly rent for a two-bedroom apartment $1,123
Household income required for that rent to be affordable $44,920
Average private-sector wage for jobs in Westerly $35,308
Foreclosures in Westerly  
Actual number of foreclosures 20
Total number of mortgaged housing units 4,439
Foreclosures as a percentage of mortgaged stock 0.50%
Housing Units in Westerly  
Number of year-round housing units 10,430
Housing units that quality as affordable 555
Affordable housing units reserved for the elderly 359
Affordable housing units reserved for families 139
Affordable housing units reserved for persons with special needs 57
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 488