FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 02814
0.90ratio
FMR$1,370
Market$1,530
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR- 02814
0.87ratio
FMR$1,710
Market$1,970
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 02814
1.09ratio
FMR$2,090
Market$1,910
vs market+$180
FMR is near market; voucher and private rents are aligned.
1.09
4 BR
4 BR- 02814
1.20ratio
FMR$2,380
Market$1,990
vs market+$390
FMR is above market; underwrite to market rent.
1.20
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Chepachet, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chepachet, RI is $1,710 a month. That is up 6.9% from $1,600 in FY 2026. Chepachet is in the Providence-Fall River, RI-MA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,879. The median county two-bedroom FMR in Rhode Island is $1,879, so Chepachet is 9% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chepachet, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,220
$1,300
+6.6%
$1,170–$1,430
1BR
$1,300
$1,370
+5.4%
$1,233–$1,507
2BR
$1,600
$1,710
+6.9%
$1,539–$1,881
3BR
$1,930
$2,090
+8.3%
$1,881–$2,299
4BR
$2,300
$2,380
+3.5%
$2,142–$2,618
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chepachet, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,370
$1,710
$2,090
$2,380
FY 2026
$1,220
$1,300
$1,600
$1,930
$2,300
FY 2025
$1,250
$1,340
$1,640
$1,980
$2,400
FY 2024
$1,340
$1,450
$1,760
$2,130
$2,640
FY 2023
$1,170
$1,290
$1,550
$1,890
$2,330
Questions about Chepachet, RI rents
How much will Section 8 pay for a two-bedroom in Chepachet, RI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,879, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,691 to $2,067 a month; under the ZIP-level Small Area FMR of $1,710 it would be $1,539 to $1,881. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Chepachet, RI in?
Chepachet, RI is in the Providence-Fall River, RI-MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,879.
How much did fair market rent change in Chepachet, RI for FY 2027?
The two-bedroom FMR rose 6.9%, from $1,600 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 10.3%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set