FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR
0.77ratio
FMR$1,610
Market$2,100
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR
0.89ratio
FMR$2,000
Market$2,240
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
0.94ratio
FMR$2,450
Market$2,620
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR
0.98ratio
FMR$2,810
Market$2,880
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.98
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 02836 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02836 (Kenyon, RI) is $2,000 a month. That is down 7.8% from $2,170 in FY 2026. Kenyon 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 23 ZIP codes in Washington County, 02836 is tied for the 3rd-highest two-bedroom rent (county range $1,560–$2,490). The median county two-bedroom FMR in Rhode Island is $1,879, so ZIP 02836 is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 02836
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,650
$1,510
−8.5%
$1,359–$1,661
1BR
$1,760
$1,610
−8.5%
$1,449–$1,771
2BR
$2,170
$2,000
−7.8%
$1,800–$2,200
3BR
$2,620
$2,450
−6.5%
$2,205–$2,695
4BR
$3,120
$2,810
−9.9%
$2,529–$3,091
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 02836
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,510
$1,610
$2,000
$2,450
$2,810
FY 2026
$1,650
$1,760
$2,170
$2,620
$3,120
FY 2025
$1,580
$1,700
$2,060
$2,490
$3,070
FY 2024
$1,730
$1,880
$2,280
$2,750
$3,410
FY 2023
$1,480
$1,630
$1,960
$2,380
$2,940
Two-bedroom rent in nearby Washington County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 02836?
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 $2,000 it would be $1,800 to $2,200. 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 02836 in?
ZIP 02836 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 02836 for FY 2027?
The two-bedroom FMR fell 7.8%, from $2,170 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 2.0%.
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