FMR is near market; voucher and private rents are aligned.
1.10
1 BR
1 BR- 02831
1.14ratio
FMR$1,980
Market$1,730
vs market+$250
FMR is above market; underwrite to market rent.
1.14
2 BR
2 BR- 02831
1.20ratio
FMR$2,470
Market$2,060
vs market+$410
FMR is above market; underwrite to market rent.
1.20
3 BR
3 BR- 02831
1.18ratio
FMR$3,030
Market$2,570
vs market+$460
FMR is above market; underwrite to market rent.
1.18
4 BR
4 BR- 02831
1.14ratio
FMR$3,440
Market$3,010
vs market+$430
FMR is above market; underwrite to market rent.
1.14
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
--
Hope, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hope, RI is $2,470 a month. That is up 6.5% from $2,320 in FY 2026. Hope 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 Hope is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hope, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,770
$1,870
+5.6%
$1,683–$2,057
1BR
$1,880
$1,980
+5.3%
$1,782–$2,178
2BR
$2,320
$2,470
+6.5%
$2,223–$2,717
3BR
$2,800
$3,030
+8.2%
$2,727–$3,333
4BR
$3,330
$3,440
+3.3%
$3,096–$3,784
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hope, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,870
$1,980
$2,470
$3,030
$3,440
FY 2026
$1,770
$1,880
$2,320
$2,800
$3,330
FY 2025
$1,670
$1,790
$2,190
$2,640
$3,200
FY 2024
$1,770
$1,920
$2,330
$2,820
$3,490
FY 2023
$1,460
$1,600
$1,930
$2,350
$2,900
Questions about Hope, RI rents
How much will Section 8 pay for a two-bedroom in Hope, 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 $2,470 it would be $2,223 to $2,717. 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 Hope, RI in?
Hope, 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 Hope, RI for FY 2027?
The two-bedroom FMR rose 6.5%, from $2,320 in FY 2026 to $2,470 in FY 2027. Since FY 2023 it has risen 28.0%.
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