CHEPACHET, RI
CityFMR
Providence County
Found 1 ZIP
BRFMR
Eff. Rent
0 BR$1,318$1,318
1 BR$1,402$1,402
2 BR$1,729$1,729
3 BR$2,087$1,910
4 BR$2,480$1,990
5 BR$2,852
6 BR$3,280
7 BR$3,772
8 BR$4,338

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 02814
0.90ratio
FMR$1,318
Market$1,460
vs market-$142

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.90
1 BR
1 BR· 02814
0.92ratio
FMR$1,402
Market$1,530
vs market-$128

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.92
2 BR
2 BR· 02814
0.88ratio
FMR$1,729
Market$1,970
vs market-$241

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.88
3 BR
3 BR· 02814
1.09ratio
FMR$2,087
Market$1,910
vs market+$177

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.09
4 BR
4 BR· 02814
1.25ratio
FMR$2,480
Market$1,990
vs market+$490

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.25
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$195,012
Rent
$1,729
Down payment
$39,002
Loan
$156,010
Mortgage
$986
Expenses
$543
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for CHEPACHET, RI (RI) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

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