FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 02895
0.88ratio
FMR$1,380
Market$1,570
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 02895
1.09ratio
FMR$1,720
Market$1,580
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.09
3 BR
3 BR- 02895
1.04ratio
FMR$2,110
Market$2,020
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 02895
1.11ratio
FMR$2,390
Market$2,160
vs market+$230
FMR is above market; underwrite to market rent.
1.11
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
--
Woonsocket, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Woonsocket, RI is $1,720 a month. That is up 7.5% from $1,600 in FY 2026. Woonsocket 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 Woonsocket is 8% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Woonsocket, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,220
$1,300
+6.6%
$1,170–$1,430
1BR
$1,300
$1,380
+6.2%
$1,242–$1,518
2BR
$1,600
$1,720
+7.5%
$1,548–$1,892
3BR
$1,930
$2,110
+9.3%
$1,899–$2,321
4BR
$2,300
$2,390
+3.9%
$2,151–$2,629
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Woonsocket, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,380
$1,720
$2,110
$2,390
FY 2026
$1,220
$1,300
$1,600
$1,930
$2,300
FY 2025
$1,170
$1,260
$1,530
$1,850
$2,290
FY 2024
$1,170
$1,270
$1,540
$1,860
$2,310
FY 2023
$990
$1,090
$1,310
$1,590
$1,970
Questions about Woonsocket, RI rents
How much will Section 8 pay for a two-bedroom in Woonsocket, 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 $1,720 it would be $1,548 to $1,892. 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 Woonsocket, RI in?
Woonsocket, 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 Woonsocket, RI for FY 2027?
The two-bedroom FMR rose 7.5%, from $1,600 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 31.3%.
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