FMR is below market; voucher rent may lag private rents.
0.85
1 BR
1 BR
0.82ratio
FMR$2,000
Market$2,450
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR
0.84ratio
FMR$2,490
Market$2,970
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR
0.87ratio
FMR$3,050
Market$3,510
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR
0.74ratio
FMR$3,470
Market$4,720
vs market-$1,250
FMR is below market; voucher rent may lag private rents.
0.74
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
--
ZIP 02801 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02801 (Adamsville, RI) is $2,490 a month. That is up 6.9% from $2,330 in FY 2026. Adamsville 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. Among 9 ZIP codes in Newport County, 02801 has the 4th-highest two-bedroom rent (county range $2,090–$2,820). The median county two-bedroom FMR in Rhode Island is $1,879, so ZIP 02801 is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 02801
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,780
$1,890
+6.2%
$1,701–$2,079
1BR
$1,890
$2,000
+5.8%
$1,800–$2,200
2BR
$2,330
$2,490
+6.9%
$2,241–$2,739
3BR
$2,810
$3,050
+8.5%
$2,745–$3,355
4BR
$3,340
$3,470
+3.9%
$3,123–$3,817
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 02801
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,890
$2,000
$2,490
$3,050
$3,470
FY 2026
$1,780
$1,890
$2,330
$2,810
$3,340
FY 2025
$1,660
$1,770
$2,170
$2,610
$3,170
FY 2024
$1,740
$1,880
$2,280
$2,760
$3,410
FY 2023
$1,420
$1,560
$1,880
$2,290
$2,830
Two-bedroom rent in nearby Newport County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 02801?
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 $2,490 it would be $2,241 to $2,739. 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 ZIP 02801 in?
ZIP 02801 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 ZIP 02801 for FY 2027?
The two-bedroom FMR rose 6.9%, from $2,330 in FY 2026 to $2,490 in FY 2027. Since FY 2023 it has risen 32.4%.
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