FMR is near market; voucher and private rents are aligned.
0.90
1 BR
1 BR- 02896
0.86ratio
FMR$1,400
Market$1,620
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 02896
1.02ratio
FMR$1,740
Market$1,700
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 02896
0.99ratio
FMR$2,130
Market$2,150
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 02896
1.10ratio
FMR$2,420
Market$2,200
vs market+$220
FMR is near market; voucher and private rents are aligned.
1.10
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
--
North Smithfield, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in North Smithfield, RI is $1,740 a month. That is up 10.1% from $1,580 in FY 2026. North Smithfield 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 North Smithfield is 7% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for North Smithfield, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,320
+10.0%
$1,188–$1,452
1BR
$1,280
$1,400
+9.4%
$1,260–$1,540
2BR
$1,580
$1,740
+10.1%
$1,566–$1,914
3BR
$1,910
$2,130
+11.5%
$1,917–$2,343
4BR
$2,270
$2,420
+6.6%
$2,178–$2,662
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for North Smithfield, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,320
$1,400
$1,740
$2,130
$2,420
FY 2026
$1,200
$1,280
$1,580
$1,910
$2,270
FY 2025
$1,220
$1,320
$1,600
$1,930
$2,390
FY 2024
$1,350
$1,460
$1,770
$2,140
$2,650
FY 2023
$1,190
$1,300
$1,570
$1,910
$2,360
Questions about North Smithfield, RI rents
How much will Section 8 pay for a two-bedroom in North Smithfield, 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 $1,740 it would be $1,566 to $1,914. 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 North Smithfield, RI in?
North Smithfield, 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 North Smithfield, RI for FY 2027?
The two-bedroom FMR rose 10.1%, from $1,580 in FY 2026 to $1,740 in FY 2027. Since FY 2023 it has risen 10.8%.
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