Carolina CDP Rhode Island Area Home Supply Charts

This page looks at a variety of Carolina CDP Rhode Island housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Carolina CDP depicts it has a Housing Units of 373 which is less than most other places in the local area.

Figure 2 illustrates the housing density in the Carolina CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Carolina CDP depicts it has a Housing Density of 151.6 which is the second smallest as measured by housing density of all the other places in the local area. The place with the highest housing density in the area is Charlestown CDP which depicts a density of 633.2 (approximately 4.2 times bigger). Comparing housing density to the United States average of 39.5, Carolina CDP is approximately 3.8 times bigger. Also, in contrast to the state of Rhode Island, housing density of 465.4, Carolina CDP is approximately a third the size.

In Figure 3, Carolina CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Carolina CDP shows it has a Housing Unit Change of -4.6% which is the third most of all other places in the local area. The place with the highest change in the housing units in the area is Hopkinton CDP which shows a housing units of 29.5% ( very much bigger). Comparing change in the housing units to the United States average of 7.4%, Carolina CDP is about the same size. Also, measured against the state of Rhode Island, change in the housing units of 3.8%, Carolina CDP is 20.0% larger.

Figure 4 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Carolina CDP depicts it has a Renter Percent of 20.6% which is in the middle range of other places in the metropolitan area. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 79.4% which is in the center range of other places in the greater region.

Carolina CDP Rhode Island Home Cost Charts

Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the Carolina CDP metro area. it has a Owner Cost as % of HH Income of 18% which is in the middle range of other places in the local area. The next chart, Figure 10, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Carolina CDP depicts it has a Median Home Value as Percent of Median Earnings of 547% which is in the center range of other places in the local area.

Next shown in Figure 11 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Carolina CDP depicts it has a % of Income Owner Costs-With Mortgage of 18% which is the smallest when ranked by cost as a percent of household income of all the other places in the surrounding region. The place with the highest cost as a percent of household income in the area is Wyoming CDP which depicts a cost as a percent of household income of 33% (about twice as large). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 12. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Carolina CDP shows it has a % of Income Owner Costs-No Mortgage of 21% which is the largest of all places in the greater Carolina CDP region.

Figure 13 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Carolina CDP has the largest proportion of rent as a percent of income is between 30pct to 40pct at 36% of the total and is ranked #1.

Figure 14 shows the total housing cost for both home owners and apartment community renters in the area. Carolina CDP has the largest proportion of housing cost between $500 and $700 at 28% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $1,000 and $1,500 at 44% of the total and is ranked #1.

Figure 15 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $3,031 which is the smallest in order of median real estate taxes paid of all the other places in the local area. The place with the highest median real estate taxes paid in the area is Wyoming CDP which depicts a taxes paid of $7,534 (approximately 2.5 times bigger). Comparing median real estate taxes paid to the United States average of $2,690, Carolina CDP is 12.7% larger. Also, in contrast to the state of Rhode Island, median real estate taxes paid of $4,483, Carolina CDP is approximately three-fourths the size.

Carolina CDP Rhode Island Home Financing Charts

Figure 17 shows the proportion of houses with a mortgage versus those without a mortgage. Carolina CDP has one of the largest proportions of houses with mortgages at 45% of the total and is ranked #3. Only #2 Hope Valley CDP (49%), and #1 Charlestown CDP (55%) are larger.

Carolina CDP Rhode Island Home Characteristics Charts

Figure 19 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1968 which is in the mid range of other places in the greater region. The place with the highest year built in the area is Hopkinton CDP which depicts a year built of 1993 ( only slightly larger).

Figure 20 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 1940 to 1949 at 35% of the total and is ranked #2. The only larger place being Ashaway CDP with 43%. Figure 21 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later less than most other places in the area at 5% of the total. Second, it has the largest proportion of owners moved in 2000 to 2009 at 41% of the total and is ranked #1. Figure 22 shows the year that people who rent moved into the area. Carolina CDP has the percentage of renters moved in 2019 or later the second smallest in terms of renters moved in 2019 or later of all the other places in the metro area at 31% of the total. Second, it has the largest proportion of renters moved in 2015 to 2018 at 61% of the total and is ranked #1.