Westerly, RI Real Estate
According to census data in the year 2000 there were 7,799 housing units in Westerly.
This represents a 11.1% growth from 7,019 in 1990.
Of those housing units, 7,389 were located in either urbanized areas or urban clusters, and 410 were located in what is classified as a rural area.
Homeownership rate in Westerly is about 60.8%.
Westerly's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Westerly were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 14.60% |
| Two Bedrooms | 30.50% |
| Three Bedrooms | 37% |
| Four Bedrooms | 12.40% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $147,000 |
| Median Price asked for vacant units | $116,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $631 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 4% |
| Home Equity Loan | 9% |
| Simple Mortgage | 51.30% |
| Debt Free | 35.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
