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Sweetbriar developed by East Bay CDC. Funded in part through BHRI.
Sweetbriar developed by East Bay CDC. Funded in part through BHRI.
Construction at Walker Farm Lane developed by West Elmwood Housing Development. Funded in part through BHRI.

Barrington at a Glance:

The town of Barrington was incorporated in 1770. It is located in Bristol County, approximately 9 miles southeast of Providence. It covers 15.8 square miles, 6.9 of which are water. Its conservation areas range from fragile marshlands to natural wooded areas. Barrington’s governmental structure is made up of a five member elected Town Council and a Town Manager.

Housing Facts: 2011

Typical monthly housing payment* for a $369,250 house $2,856
Household income required to afford a $369,250 house $114,252
Average monthly rent for a two-bedroom apartment $1,177
Household income required for that rent to be affordable $47,080
Average private-sector wage for jobs in Barrington $36,244
Foreclosures in Barrington  
Actual number of foreclosures 8
Total number of mortgaged housing units 3,675
Foreclosures as a percentage of mortgaged stock 0.20%
Housing Units in Barrington  
Number of year-round housing units 6,268
Housing units that quality as affordable 160
Affordable housing units reserved for the elderly 60
Affordable housing units reserved for families 65
Affordable housing units reserved for persons with special needs 35
Homes funded through Building Homes Rhode Island 61
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 467

*Calculated using a 30-year mortgage at 4.45% interest (2011 average rate) with a 3.5% down payment, property taxes (the state's median rate of $17.95 per the $1000 of the home's valuation), hazard insurance ($100/month), monthly mortgage insurance (1.25%/month).