02872

ZIPSAFMR

Newport County, RI

ZIP Investment Score

71Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,860	$1,800	3.7%
1 BR	$1,870	$2,060	3.6%
2 BR	$2,450	$2,620	3.5%
3 BR	$3,250	$3,280	3.6%
4 BR	$3,890	$4,000	3.6%
5 BR	$4,474	Not available	3.6%
6 BR	$5,145	Not available	3.6%
7 BR	$5,916	Not available	3.6%
8 BR	$6,804	Not available	3.6%

Purchase Price Calculator

Maximum purchase price

$327,414

Cost breakdown

+Likely effective rent$2,620

HUD FMR$2,450

Market rent$2,710

Est. payment standard (107%)Used$2,620

-Principal and interest-$1,656

Loan amount$261,932

Down payment$65,483

Rate6.50%

Term30 years

-Operating costs-$764

Property taxes-$327

Insurance-$175

Utilities$0

HOA$0

Management-$262

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$41,759(63.8% ROI)

Projected value

$352,590

Return breakdown

Property appreciation+$25,175

Loan principal paid down+$9,384

Rental cash flow+$7,200

5-year hold

+$71,760(109.6% ROI)

Projected value

$370,439

Return breakdown

Property appreciation+$43,025

Loan principal paid down+$16,735

Rental cash flow+$12,000

10-year hold

+$155,580(237.6% ROI)

Projected value

$419,118

Return breakdown

Property appreciation+$91,704

Loan principal paid down+$39,876

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.03ratio

FMR$1,860

Market$1,800

vs market+$60

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

1.03

1 BR

0.71ratio

FMR$1,870

Market$2,630

vs market-$760

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

0.71

2 BR

0.90ratio

FMR$2,450

Market$2,710

vs market-$260

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

0.90

3 BR

0.99ratio

FMR$3,250

Market$3,290

vs market-$40

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

0.99

4 BR

0.96ratio

FMR$3,890

Market$4,060

vs market-$170

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

0.96

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 02872 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02872 (Prudence Island, RI) is $2,450 a month. That is up 8.9% from $2,250 in FY 2026. Prudence Island 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, 02872 has the 7th-highest two-bedroom rent (county range $2,090–$2,820). The median county two-bedroom FMR in Rhode Island is $1,879, so ZIP 02872 is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02872
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,700	$1,860	+9.4%	$1,674–$2,046
1BR	$1,710	$1,870	+9.4%	$1,683–$2,057
2BR	$2,250	$2,450	+8.9%	$2,205–$2,695
3BR	$3,040	$3,250	+6.9%	$2,925–$3,575
4BR	$3,500	$3,890	+11.1%	$3,501–$4,279

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02872
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,860	$1,870	$2,450	$3,250	$3,890
FY 2026	$1,700	$1,710	$2,250	$3,040	$3,500
FY 2025	$1,620	$1,630	$2,140	$2,860	$3,240
FY 2024	$1,670	$1,680	$2,210	$2,920	$3,500
FY 2023	$1,450	$1,480	$1,920	$2,570	$3,180

Two-bedroom rent in nearby Newport County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 02872
02801	$2,490	+1.6%
02835	$2,750	+12.2%
02837	$2,820	+15.1%
02840	$2,480	+1.2%
02841	$2,480	+1.2%
02842	$2,590	+5.7%
02871	$2,430	−0.8%
02872Current	$2,450	—
02878	$2,090	−14.7%

Questions about ZIP 02872 rents

How much will Section 8 pay for a two-bedroom in ZIP 02872?

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 $2,450 it would be $2,205 to $2,695. 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 02872 in?

ZIP 02872 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 02872 for FY 2027?

The two-bedroom FMR rose 8.9%, from $2,250 in FY 2026 to $2,450 in FY 2027. Since FY 2023 it has risen 27.6%.

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

County fair market rent Prudence Island, RI fair market rent RI statewide rents What is SAFMR?Data sources