Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Foster, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Foster, RI is $2,120 a month. That is up 2.9% from $2,060 in FY 2026. Foster 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 Foster is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Foster, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,540
$1,610
+4.5%
$1,449–$1,771
1BR
$1,670
$1,700
+1.8%
$1,530–$1,870
2BR
$2,060
$2,120
+2.9%
$1,908–$2,332
3BR
$2,520
$2,600
+3.2%
$2,340–$2,860
4BR
$2,960
$2,950
−0.3%
$2,655–$3,245
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Foster, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,610
$1,700
$2,120
$2,600
$2,950
FY 2026
$1,540
$1,670
$2,060
$2,520
$2,960
FY 2025
$1,410
$1,510
$1,880
$2,280
$2,750
FY 2024
$1,420
$1,540
$1,870
$2,260
$2,800
FY 2023
$1,140
$1,250
$1,510
$1,840
$2,270
Questions about Foster, RI rents
How much will Section 8 pay for a two-bedroom in Foster, 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 $2,120 it would be $1,908 to $2,332. 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 Foster, RI in?
Foster, 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 Foster, RI for FY 2027?
The two-bedroom FMR rose 2.9%, from $2,060 in FY 2026 to $2,120 in FY 2027. Since FY 2023 it has risen 40.4%.
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