RI/Providence County/PROVIDENCE
PROVIDENCE, RI
CityFMR
Providence County
Found 12 ZIPs
Zillow
BRFMR
Eff. Rent
0 BR$1,318▲$1,450
1 BR$1,402▲$1,510 – $1,540
2 BR$1,729▲$1,900
3 BR$2,087▲$2,300
4 BR$2,480▲$2,560 – $2,730
5 BR$2,852▲—
6 BR$3,280▲—
7 BR$3,772▲—
8 BR$4,338▲—

Purchase Price Calculator

Maximum purchase price
$220,423

Cost breakdown

+Likely effective rent$1,900
HUD FMR$1,729
Market rent$2,315
Est. payment standard (110%)Used$1,900
Estimated payment standard is $1,900 (110% of FMR).
-Principal and interest-$1,115
Loan amount$176,338
Down payment$44,085
Rate6.50%
Term30 years
-Operating costs-$585
Property taxes-$220
Insurance-$175
Utilities$0
HOA$0
Management-$190
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,466(69.1% ROI)
Projected value
$237,371
Current value$220,423
Return breakdown
Property appreciation+$16,948
Loan principal paid down+$6,318
Rental cash flow+$7,200
5-year hold
+$52,232(118.5% ROI)
Projected value
$249,388
Current value$220,423
Return breakdown
Property appreciation+$28,965
Loan principal paid down+$11,266
Rental cash flow+$12,000
10-year hold
+$112,583(255.4% ROI)
Projected value
$282,160
Current value$220,423
Return breakdown
Property appreciation+$61,737
Loan principal paid down+$26,846
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 2 ZIPs
0.63-0.64ratio range
Median FMR$1,318
Median Market$2,070
vs market-$752

FMR is below market; voucher rent may lag private rents.

90% standard$1,186 / 0.57 ratio110% standard$1,450 / 0.70 ratio
2
Studio- 1 ZIP
0.69ratio
FMR$1,318
Market$1,920
vs market-$602

FMR is below market; voucher rent may lag private rents.

90% standard$1,186 / 0.62 ratio110% standard$1,450 / 0.76 ratio
Studio- 4 ZIPs
0.74-0.77ratio range
Median FMR$1,318
Median Market$1,755
vs market-$437

FMR is below market; voucher rent may lag private rents.

90% standard$1,186 / 0.68 ratio110% standard$1,450 / 0.83 ratio
4
Studio- 3 ZIPs
0.78-0.81ratio range
Median FMR$1,318
Median Market$1,670
vs market-$352

FMR is below market; voucher rent may lag private rents.

90% standard$1,186 / 0.71 ratio110% standard$1,450 / 0.87 ratio
3
Studio- 2 ZIPs
0.83-0.85ratio range
Median FMR$1,318
Median Market$1,570
vs market-$252

FMR is below market; voucher rent may lag private rents.

90% standard$1,186 / 0.76 ratio110% standard$1,450 / 0.92 ratio
2
0.63-0.85
1 BR
1 BR- 4 ZIPs
0.52-0.64ratio range
Median FMR$1,402
Median Market$2,420
vs market-$1,018

FMR is below market; voucher rent may lag private rents.

90% standard$1,262 / 0.52 ratio110% standard$1,542 / 0.64 ratio
4
1 BR- 2 ZIPs
0.69-0.71ratio range
Median FMR$1,402
Median Market$2,000
vs market-$598

FMR is below market; voucher rent may lag private rents.

90% standard$1,262 / 0.63 ratio110% standard$1,542 / 0.77 ratio
2
1 BR- 1 ZIP
0.75ratio
FMR$1,402
Market$1,870
vs market-$468

FMR is below market; voucher rent may lag private rents.

90% standard$1,262 / 0.67 ratio110% standard$1,542 / 0.82 ratio
1 BR- 1 ZIP
0.77ratio
FMR$1,402
Market$1,810
vs market-$408

FMR is below market; voucher rent may lag private rents.

90% standard$1,262 / 0.70 ratio110% standard$1,542 / 0.85 ratio
1 BR- 1 ZIP
0.83ratio
FMR$1,402
Market$1,690
vs market-$288

FMR is below market; voucher rent may lag private rents.

90% standard$1,262 / 0.75 ratio110% standard$1,542 / 0.91 ratio
1 BR- 3 ZIPs
0.88-0.89ratio range
Median FMR$1,402
Median Market$1,580
vs market-$178

FMR is below market; voucher rent may lag private rents.

90% standard$1,262 / 0.80 ratio110% standard$1,542 / 0.98 ratio
3
0.52-0.89
2 BR
2 BR- 4 ZIPs
0.48-0.62ratio range
Median FMR$1,729
Median Market$3,170
vs market-$1,441

FMR is below market; voucher rent may lag private rents.

90% standard$1,556 / 0.49 ratio110% standard$1,902 / 0.60 ratio
4
2 BR- 1 ZIP
0.72ratio
FMR$1,729
Market$2,410
vs market-$681

FMR is below market; voucher rent may lag private rents.

90% standard$1,556 / 0.65 ratio110% standard$1,902 / 0.79 ratio
2 BR- 2 ZIPs
0.73-0.76ratio range
Median FMR$1,729
Median Market$2,315
vs market-$586

FMR is below market; voucher rent may lag private rents.

90% standard$1,556 / 0.67 ratio110% standard$1,902 / 0.82 ratio
2
2 BR- 3 ZIPs
0.80-0.81ratio range
Median FMR$1,729
Median Market$2,150
vs market-$421

FMR is below market; voucher rent may lag private rents.

90% standard$1,556 / 0.72 ratio110% standard$1,902 / 0.88 ratio
3
2 BR- 1 ZIP
0.82ratio
FMR$1,729
Market$2,120
vs market-$391

FMR is below market; voucher rent may lag private rents.

90% standard$1,556 / 0.73 ratio110% standard$1,902 / 0.90 ratio
2 BR- 1 ZIP
0.86ratio
FMR$1,729
Market$2,010
vs market-$281

FMR is below market; voucher rent may lag private rents.

90% standard$1,556 / 0.77 ratio110% standard$1,902 / 0.95 ratio
0.48-0.86
3 BR
3 BR- 2 ZIPs
0.50-0.63ratio range
Median FMR$2,087
Median Market$3,745
vs market-$1,658

FMR is below market; voucher rent may lag private rents.

90% standard$1,878 / 0.51 ratio110% standard$2,296 / 0.62 ratio
2
3 BR- 2 ZIPs
0.67-0.68ratio range
Median FMR$2,087
Median Market$3,075
vs market-$988

FMR is below market; voucher rent may lag private rents.

90% standard$1,878 / 0.61 ratio110% standard$2,296 / 0.75 ratio
2
3 BR- 2 ZIPs
0.71-0.72ratio range
Median FMR$2,087
Median Market$2,920
vs market-$833

FMR is below market; voucher rent may lag private rents.

90% standard$1,878 / 0.64 ratio110% standard$2,296 / 0.79 ratio
2
3 BR- 1 ZIP
0.75ratio
FMR$2,087
Market$2,800
vs market-$713

FMR is below market; voucher rent may lag private rents.

90% standard$1,878 / 0.67 ratio110% standard$2,296 / 0.82 ratio
3 BR- 4 ZIPs
0.78-0.81ratio range
Median FMR$2,087
Median Market$2,665
vs market-$578

FMR is below market; voucher rent may lag private rents.

90% standard$1,878 / 0.70 ratio110% standard$2,296 / 0.86 ratio
4
3 BR- 1 ZIP
0.86ratio
FMR$2,087
Market$2,420
vs market-$333

FMR is below market; voucher rent may lag private rents.

90% standard$1,878 / 0.78 ratio110% standard$2,296 / 0.95 ratio
0.50-0.86
4 BR
4 BR- 1 ZIP
0.56ratio
FMR$2,480
Market$4,430
vs market-$1,950

FMR is below market; voucher rent may lag private rents.

90% standard$2,232 / 0.50 ratio110% standard$2,728 / 0.62 ratio
4 BR- 1 ZIP
0.65ratio
FMR$2,480
Market$3,830
vs market-$1,350

FMR is below market; voucher rent may lag private rents.

90% standard$2,232 / 0.58 ratio110% standard$2,728 / 0.71 ratio
4 BR- 5 ZIPs
0.77-0.78ratio range
Median FMR$2,480
Median Market$3,200
vs market-$720

FMR is below market; voucher rent may lag private rents.

90% standard$2,232 / 0.70 ratio110% standard$2,728 / 0.85 ratio
5
4 BR- 3 ZIPs
0.86-0.89ratio range
Median FMR$2,480
Median Market$2,810
vs market-$330

FMR is below market; voucher rent may lag private rents.

90% standard$2,232 / 0.79 ratio110% standard$2,728 / 0.97 ratio
3
4 BR- 1 ZIP
0.92ratio
FMR$2,480
Market$2,710
vs market-$230

FMR is near market; voucher and private rents are aligned.

90% standard$2,232 / 0.82 ratio110% standard$2,728 / 1.01 ratio
4 BR- 1 ZIP
0.95ratio
FMR$2,480
Market$2,610
vs market-$130

FMR is near market; voucher and private rents are aligned.

90% standard$2,232 / 0.86 ratio110% standard$2,728 / 1.05 ratio
0.56-0.95
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for PROVIDENCE, 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.

What is FMR?What is SAFMR?Data sourcesIncomplete geosView county page
Related ZIPs
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PROVIDENCE, RI fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for PROVIDENCE, RI shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,729 and the 4 bedroom fair market rent is $2,480.

Use this page for searches like PROVIDENCE, RI FMR, PROVIDENCE, RI fair market rent, and PROVIDENCE, RI Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for PROVIDENCE, RI
Bedroom sizeHUD FMR
Studio$1,318
1 bedroom$1,402
2 bedroom$1,729
3 bedroom$2,087
4 bedroom$2,480
Providence County fair market rent02901 FMR02902 FMR02903 FMR02904 FMR02905 FMR02906 FMR02907 FMR02908 FMR