Narragansett

The facts:

• $430,000:  Price of the median single-family home sold last year
• $3,412:  Typical monthly payment for that house (including principal, interest, taxes and insurance)
• $136,486:  The income you need to afford that house
• $1,325:  Average rent for a 2-bedroom apartment
• $53,000:  The income you need to afford that apartment
• $25,052:  Average annual wage in Narragansett***
• 1,098:  Households in Narragansett paying more than half their income for housing
• 200 (2.81%):  Housing units that qualify as affordable

Click here for footnotes.

Affordable homes in Narragansett:

Rental duplex built by the Narragansett Affordable Housing Corporation, a nonprofit arm of the Narragansett Housing Authority

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