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Long-term affordable home developed by NeighborWorks Blackstone River Valley. Funded in part through BHRI.
Long-term affordable home developed by NeighborWorks Blackstone River Valley.
Long-term affordable home developed by NeighborWorks Blackstone River Valley.
Long-term affordable home developed by NeighborWorks Blackstone River Valley.
Long-term affordable home developed by NeighborWorks Blackstone River Valley.

Woonsocket at a Glance:

The city of Woonsocket is located in Providence County, Rhode Island. The population was 43,224 at the 2000 census, making it the sixth largest city in the state. Woonsocket lies directly south of the Massachusetts border. According to the United States Census Bureau, the city has a total area of 8.0 square miles, of which 0.2 square miles is water. Woonsocket is drained by the Blackstone River.

Woonsocket's governmental structure is composed of a seven-member City Council and a Mayor.

Housing Facts: 2011

Typical monthly housing payment* for a $133,125 house $1,173
Household income required to afford a $133,125 house $46,922
Average monthly rent for a two-bedroom apartment $968
Household income required for that rent to be affordable $38,720
Average private-sector wage for jobs in Woonsocket $57,200
Foreclosures in Woonsocket  
Actual number of foreclosures 107
Total number of mortgaged housing units 4,859
Foreclosures as a percentage of mortgaged stock 2.20%
Housing Units in Woonsocket  
Number of year-round housing units 19,168
Housing units that quality as affordable 3,027
Affordable housing units reserved for the elderly 1,276
Affordable housing units reserved for families 1,614
Affordable housing units reserved for persons with special needs 137
Homes funded through Building Homes Rhode Island 28
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 0

*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).