FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR- 02917
0.71ratio
FMR$1,270
Market$1,780
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.71
2 BR
2 BR- 02917
0.68ratio
FMR$1,560
Market$2,300
vs market-$740
FMR is below market; voucher rent may lag private rents.
0.68
3 BR
3 BR- 02917
0.68ratio
FMR$1,880
Market$2,780
vs market-$900
FMR is below market; voucher rent may lag private rents.
0.68
4 BR
4 BR- 02917
0.79ratio
FMR$2,240
Market$2,820
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.79
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
--
Smithfield, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Smithfield, RI is $1,560 a month. That is up 6.8% from $1,460 in FY 2026. 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 Smithfield is 17% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Smithfield, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,110
$1,190
+7.2%
$1,071–$1,309
1BR
$1,190
$1,270
+6.7%
$1,143–$1,397
2BR
$1,460
$1,560
+6.8%
$1,404–$1,716
3BR
$1,760
$1,880
+6.8%
$1,692–$2,068
4BR
$2,130
$2,240
+5.2%
$2,016–$2,464
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Smithfield, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,270
$1,560
$1,880
$2,240
FY 2026
$1,110
$1,190
$1,460
$1,760
$2,130
FY 2025
$1,170
$1,260
$1,530
$1,850
$2,290
FY 2024
$1,070
$1,160
$1,400
$1,690
$2,100
FY 2023
$920
$1,010
$1,210
$1,470
$1,820
Questions about Smithfield, RI rents
How much will Section 8 pay for a two-bedroom in 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 $1,560 it would be $1,404 to $1,716. 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 Smithfield, RI in?
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 Smithfield, RI for FY 2027?
The two-bedroom FMR rose 6.8%, from $1,460 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 28.9%.
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