Imagine a family: a mom, dad, two kids. Dad works in a printing factory and makes $15 an hour. This family won’t be able to afford an ordinary two-bedroom apartment anywhere in the Plymouth area. Seniors whose only income is Social Security can no longer afford to rent apartments in our community. A person
needs to make more than $19 an hour to afford an average two-bedroom apartment in Plymouth. A minimum-wage worker would have to work at 3.5 jobs for 140 hours a week to get that apartment.
The cost of home ownership is deemed unaffordable when it exceeds 30 percent of annual household income. The median price of a home selling in Plymouth is $300,000. After making a 5 percent down payment, a household would have to be earning $88,680 annually to qualify for a mortgage. The median family income for Plymouth is $63,266. Twenty-three percent of Plymouth’s current households have been identified as exceeding 30 percent of their income in order
to maintain ownership.
Town of Plymouth
Office of Community Development
Plymouth Affordable Housing Trust
(508)747-1620 X 150
11 Lincoln Street
Plymouth, MA 02360
Affordable housing has a new face. Working with local Boards and Officials, today’s affordable housing is meant to blend in, to be as much a part of the community as the people who live in it.
Some people may think that mixed-income housing has a negative effect on property values. But experience all across the state has shown that NOT to be true. In many cases, property values for both houses and apartments have gone up as affordable housing is built.
Residents throughout Plymouth have stated that they support the creation of more moderate and low income housing in their area. Even so, when affordable housing is proposed for our community, the few voices against can be pretty loud. So speak up and say 'yes', affordable housing is worth