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Woonsocket at a Glance:

The city of Woonsocket is located in Providence County, Rhode Island. The population was 43,224 at the 2000 census, making it the sixth largest city in the state. Woonsocket lies directly south of the Massachusetts border.
According to the United States Census Bureau, the city has a total area of 8.0 square miles, of which 0.2 square miles is water. Woonsocket is drained by the Blackstone River.
Woonsocket was established as a union of six mill villages:
Woonsocket Falls Village was founded in the 1820s
Social Village
Jenckesville was founded 1822
Hamlet Village was founded 1815
Globe Village was named after the Globe Mill located within it
Bernon (originally Danville) was founded in 1827
Woonsocket's governmental structure is composed of a seven-member City Council and a Mayor.

Housing Facts: 2009

Typical monthly housing payment* for a $150,000 house $1,161
Household income required to afford a $150,000 house $46,432
Average monthly rent for a two-bedroom apartment $948
Household income required for that rent to be affordable $37,920
Average private-sector wage for jobs in Woonsocket $45,188
Housing Units in Woonsocket  
Number of year-round housing units 18,745
Housing units that quality as affordable 3,080
Affordable housing units reserved for the elderly 1,298
Affordable housing units reserved for families 1,627
Affordable housing units reserved for persons with special needs 155
Homes funded through Building Homes Rhode Island 9
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 0

*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).