Quick facts: Harrisville, RI

Quick Facts

113.8
Cost of Living
above US average
1,515
Population
19.8
Crime Rate per 1000
below US average
$62,750
Median Income
below US average
$539,900
Median House Price
above US average
$1650.0
Average Rent
above US average
10%
Poverty Rate
below US average
3.7%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $62,750.

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Income Needed to Buy

βœ— Stretch
$169k/year
Based on $539,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $169k vs median $62,750
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Income Needed to Rent

⚠ Stretch
$71k/year
Based on $1650.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $71k vs median $62,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Harrisville, RI

Harrisville, located in the town of Burrillville in Rhode Island, is a quaint and picturesque village known for its scenic views and historic charm. Nestled in the northern part of the state, it features a blend of rural landscapes and community-centered living. Harrisville is characterized by its delightful mill buildings, many of which date back to the 19th century, reflecting the area's rich industrial history. The village is also home to the Clear River, offering opportunities for outdoor recreational activities like fishing and hiking. With its close-knit community, Harrisville hosts several local events and is surrounded by beautiful nature, making it attractive for families and outdoor enthusiasts. Residents enjoy a peaceful lifestyle while being a short drive from larger cities like Providence, allowing for easy access to urban amenities. The local charm, combined with the natural beauty of Rhode Island's countryside, makes Harrisville a unique place to live and visit.

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