02814
ZIPFMR
Providence County, RI
BRFMR
Eff. Rent
0 BR$1,318$1,410
1 BR$1,402$1,490
2 BR$1,729$1,890
3 BR$2,087$1,910
4 BR$2,480$1,990
5 BR$2,852
6 BR$3,280
7 BR$3,772
8 BR$4,338

Purchase Price Calculator

Maximum purchase price
$218,937

Cost breakdown

+Likely effective rent$1,890
HUD FMR$1,729
Market rent$1,970
Est. payment standard (109%)Used$1,890
Estimated payment standard is $1,890 (109% of FMR).
-Principal and interest-$1,107
Loan amount$175,149
Down payment$43,787
Rate6.50%
Term30 years
-Operating costs-$583
Property taxes-$219
Insurance-$175
Utilities$0
HOA$0
Management-$189
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,309(69.2% ROI)
Projected value
$235,771
Current value$218,937
Return breakdown
Property appreciation+$16,834
Loan principal paid down+$6,275
Rental cash flow+$7,200
5-year hold
+$51,960(118.7% ROI)
Projected value
$247,707
Current value$218,937
Return breakdown
Property appreciation+$28,770
Loan principal paid down+$11,190
Rental cash flow+$12,000
10-year hold
+$111,985(255.7% ROI)
Projected value
$280,258
Current value$218,937
Return breakdown
Property appreciation+$61,321
Loan principal paid down+$26,665
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
0.90ratio
FMR$1,318
Market$1,460
vs market-$142

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

90% standard$1,186 / 0.81 ratio110% standard$1,450 / 0.99 ratio
0.90
1 BR
1 BR
0.92ratio
FMR$1,402
Market$1,530
vs market-$128

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

90% standard$1,262 / 0.82 ratio110% standard$1,542 / 1.01 ratio
0.92
2 BR
2 BR
0.88ratio
FMR$1,729
Market$1,970
vs market-$241

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

90% standard$1,556 / 0.79 ratio110% standard$1,902 / 0.97 ratio
0.88
3 BR
3 BR
1.09ratio
FMR$2,087
Market$1,910
vs market+$177

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

90% standard$1,878 / 0.98 ratio110% standard$2,296 / 1.20 ratio
1.09
4 BR
4 BR
1.25ratio
FMR$2,480
Market$1,990
vs market+$490

FMR is above market; underwrite to market rent.

90% standard$2,232 / 1.12 ratio110% standard$2,728 / 1.37 ratio
1.25
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

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 02814 (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.

02814 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 02814 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 02814 FMR, 02814 fair market rent, and 02814 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 02814
Bedroom sizeHUD FMR
Studio$1,318
1 bedroom$1,402
2 bedroom$1,729
3 bedroom$2,087
4 bedroom$2,480