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If you are a member of the media, we also encourage you to read our latest stories of media interest and recent HousingWorks RI Publications. To learn more about HousingWorks RI, use the links to the right.
Where did the numbers and research information on this website come from?
The data and research presented on the website are obtained from the latest official, industry, and other expert sources, as well as from academic research databases, professional journals, and other peer-reviewed research sources.
Median selling price of a single-family home
Source: Single-Family Home Sales Statistics, from www.riliving.com, the official site of the Rhode Island Association of Realtors and State-wide Multiple Listing Service. Readers are cautioned that the median sales price --with half the prices higher and half the prices lower -- generally reflects the quality and the mix of the properties being sold at the time and is not a true measure of home values.
Typical monthly housing payment
This methodology changes according to the year and is included on the yearly data for each city and town. You can see the methodology on each city and town page directly below the housing data points.
Average monthly rent
Source: First Quarter Rent Survey and Year-End Rent Survey, Rhode Island Housing
Household income required to afford the median-priced house and average rent
Methodology: Based on the generally accepted federal standard that a household should spend no more than 30 percent of its monthly income on monthly housing payments (including rent or mortgage, utilities, taxes,
Number of year-round housing units and housing units that qualify as affordable
Source: Annual Low and Moderate Income Housing Chart, Rhode Island Housing (www.rhodeislandhousing.org).
Homes funded through Building Homes Rhode Island
Source: RI Housing Resources Commission, Rhode Island Housing (www.rhodeislandhousing.org).
Average wage for a private sector job in each city/town
Source: Quarterly Census of Employment and Wages – Private Sector, RI City and Town – Quarterly data, Rhode Island Department of Labor and Training (http://www.dlt.ri.gov/lmi/es202.htm).
Additional housing units necessary to meet the 10 percent threshold
Methodology: Calculated by subtracting the number of units that qualify as affordable from 10 percent of the city or town’s number of year-round housing units. (The Low and Moderate Income Housing Act established a goal that 10 percent of each community’s housing stock be affordable to people with low or moderate incomes. In order to count toward that threshold, a home must be subsidized by a federal, state, or municipal government subsidy under any program to assist the construction or rehabilitation of housing affordable to low or moderate income households and must remain affordable through a land lease and/or deed restriction for no less than 30 years from initial occupancy.)