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Architect's rendering of long-term affordable housing being developed by Church Community Housing. Funded in part through BHRI.

Jamestown at a Glance:

Jamestown is a town located in Newport County, Rhode Island. Jamestown is situated almost entirely on Conanicut Island, the second largest island in Narragansett Bay. According to the United States Census Bureau, the town has a total area of 35.3 square miles, 25.6 square miles of which is water. The total area is 72.55% water. Jamestown's governmental structure is composed of a five-member Town Council and a Town Administrator.

Housing Facts: 2011

Typical monthly housing payment* for a $450,000 house $3,131
Household income required to afford a $450,000 house $125,253
Average monthly rent for a two-bedroom apartment $1,324
Household income required for that rent to be affordable $52,960
Average private-sector wage for jobs in Jamestown $44,772
Foreclosures in Jamestown  
Actual number of foreclosures 2
Total number of mortgaged housing units 1,221
Foreclosures as a percentage of mortgaged stock 0.20%
Housing Units in Jamestown  
Number of year-round housing units 2,529
Housing units that quality as affordable 103
Affordable housing units reserved for the elderly 66
Affordable housing units reserved for families 26
Affordable housing units reserved for persons with special needs 11
Homes funded through Building Homes Rhode Island 3
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 150

*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).