FMR is below market; voucher rent may lag private rents.
0.66
1 BR
1 BR- 02875
0.72ratio
FMR$1,590
Market$2,220
vs market-$630
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR- 02875
0.85ratio
FMR$1,980
Market$2,320
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 02875
0.98ratio
FMR$2,430
Market$2,480
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 02875
1.07ratio
FMR$2,800
Market$2,610
vs market+$190
FMR is near market; voucher and private rents are aligned.
1.07
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
--
Shannock, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Shannock, RI is $1,980 a month. That is down 8.8% from $2,170 in FY 2026. Shannock 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 Shannock is 5% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Shannock, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,650
$1,500
−9.1%
$1,350–$1,650
1BR
$1,760
$1,590
−9.7%
$1,431–$1,749
2BR
$2,170
$1,980
−8.8%
$1,782–$2,178
3BR
$2,620
$2,430
−7.3%
$2,187–$2,673
4BR
$3,110
$2,800
−10.0%
$2,520–$3,080
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Shannock, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,590
$1,980
$2,430
$2,800
FY 2026
$1,650
$1,760
$2,170
$2,620
$3,110
FY 2025
$1,580
$1,690
$2,060
$2,490
$3,010
FY 2024
$1,660
$1,800
$2,180
$2,630
$3,260
FY 2023
$1,400
$1,540
$1,860
$2,260
$2,790
Questions about Shannock, RI rents
How much will Section 8 pay for a two-bedroom in Shannock, 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 $1,980 it would be $1,782 to $2,178. 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 Shannock, RI in?
Shannock, 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 Shannock, RI for FY 2027?
The two-bedroom FMR fell 8.8%, from $2,170 in FY 2026 to $1,980 in FY 2027. Since FY 2023 it has risen 6.5%.
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