The Housing Fact Book presents a detailed portrait of housing affordability throughout the Ocean State, where both renters and homeowners (particularly the state’s lower and middle income groups) face high rates of housing cost burden. A household is considered cost burdened when it spends more than 30 percent of its income on housing.
Housing cost burdens continue to persist in the Ocean State. From 2000 to 2014, the percent of both homeowner and renter households that are considered cost burdened increased in Rhode Island. Currently, about half of all Rhode Island renter households, 1 in 3 homeowner households with a mortgage, and 1 in 5 homeowner households without a mortgage are housing cost burdened.
Read more >