ZIP 02777 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 02777 in the Providence-Fall River, RI-MA FMR area.

Providence-Fall River, RI-MA

$1,430Efficiency
$1,5201 bedroom
$1,8902 bedrooms
$2,3203 bedrooms
$2,6304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,430$1,287$1,573$1,423
1 bedroom$1,520$1,368$1,672$1,509
2 bedrooms$1,890$1,701$2,079$1,879
3 bedrooms$2,320$2,088$2,552$2,302
4 bedrooms$2,630$2,367$2,893$2,615

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Taunton-Mansfield-Norton, MA

$1,430Efficiency
$1,5201 bedroom
$1,8902 bedrooms
$2,3203 bedrooms
$2,6304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,430$1,287$1,573$1,517
1 bedroom$1,520$1,368$1,672$1,666
2 bedrooms$1,890$1,701$2,079$2,179
3 bedrooms$2,320$2,088$2,552$2,596
4 bedrooms$2,630$2,367$2,893$2,864

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 02777

$89,563average adjusted gross income per tax return (2022)
$61,282average salaries and wages per return
9,040tax returns filed
25%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00022.9%
$25,000 to $50,00018.8%
$50,000 to $75,00015.4%
$75,000 to $100,00012.3%
$100,000 to $200,00023.7%
$200,000 or more7.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 02777?

HUD's FY2027 Small Area FMRs for ZIP 02777 (Providence-Fall River, RI-MA) are $1,430 efficiency, $1,520 one bedroom, $1,890 two bedrooms, $2,320 three and $2,630 four bedrooms.

What payment standard can a housing authority set in ZIP 02777?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,701 to $2,079.

How affordable is rent in ZIP 02777?

Tax returns filed from ZIP 02777 reported an average adjusted gross income of $89,563 (2022). A two-bedroom unit at the Small Area FMR costs $22,680 a year, or 25% of that income.