ZIP 02832 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 02832 in the Providence-Fall River, RI-MA FMR area.

Providence-Fall River, RI-MA

$1,330Efficiency
$1,3601 bedroom
$1,7602 bedrooms
$2,2103 bedrooms
$2,6004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,330$1,197$1,463$1,423
1 bedroom$1,360$1,224$1,496$1,509
2 bedrooms$1,760$1,584$1,936$1,879
3 bedrooms$2,210$1,989$2,431$2,302
4 bedrooms$2,600$2,340$2,860$2,615

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

Westerly-Hopkinton-New Shoreham, RI

$1,330Efficiency
$1,3601 bedroom
$1,7602 bedrooms
$2,2103 bedrooms
$2,6004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,330$1,197$1,463$1,391
1 bedroom$1,360$1,224$1,496$1,400
2 bedrooms$1,760$1,584$1,936$1,832
3 bedrooms$2,210$1,989$2,431$2,325
4 bedrooms$2,600$2,340$2,860$2,758

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

Income in ZIP 02832

$83,591average adjusted gross income per tax return (2022)
$61,412average salaries and wages per return
2,550tax returns filed
25%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00023.1%
$25,000 to $50,00018.4%
$50,000 to $75,00014.9%
$75,000 to $100,00011.8%
$100,000 to $200,00025.9%
$200,000 or more5.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 6.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 02832?

HUD's FY2027 Small Area FMRs for ZIP 02832 (Providence-Fall River, RI-MA) are $1,330 efficiency, $1,360 one bedroom, $1,760 two bedrooms, $2,210 three and $2,600 four bedrooms.

What payment standard can a housing authority set in ZIP 02832?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,584 to $1,936.

How affordable is rent in ZIP 02832?

Tax returns filed from ZIP 02832 reported an average adjusted gross income of $83,591 (2022). A two-bedroom unit at the Small Area FMR costs $21,120 a year, or 25% of that income.