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Newport County/Tiverton/02878

02878

ZIPSAFMR
Newport County, RI
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$1,580$1,740
1 BR$1,590$1,750
2 BR$2,090$2,300
3 BR$2,820$3,100
4 BR$3,240$3,560
5 BR$3,726Not available
6 BR$4,285Not available
7 BR$4,928Not available
8 BR$5,667Not available

Purchase Price Calculator

Maximum purchase price
$279,863

Cost breakdown

+Likely effective rent$2,300
HUD FMR$2,090
Market rent$2,660
Est. payment standard (110%)Used$2,300
-Principal and interest-$1,415
Loan amount$223,890
Down payment$55,973
Rate6.50%
Term30 years
-Operating costs-$685
Property taxes-$280
Insurance-$175
Utilities$0
HOA$0
Management-$230
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,740(65.6% ROI)
Projected value
$301,381
Return breakdown
Property appreciation+$21,519
Loan principal paid down+$8,021
Rental cash flow+$7,200
5-year hold
+$63,081(112.7% ROI)
Projected value
$316,639
Return breakdown
Property appreciation+$36,776
Loan principal paid down+$14,304
Rental cash flow+$12,000
10-year hold
+$136,470(243.8% ROI)
Projected value
$358,248
Return breakdown
Property appreciation+$78,385
Loan principal paid down+$34,085
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.79
1 BR
0.61
2 BR
0.79
3 BR
0.85
4 BR
0.80
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02878 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02878 (Tiverton, RI) is $2,090 a month. That is up 5.6% from $1,980 in FY 2026. Tiverton 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, 02878 has the 9th-highest two-bedroom rent (county range $2,090–$2,820). The median county two-bedroom FMR in Rhode Island is $1,879, so ZIP 02878 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02878
BedroomsFY 2027Change90–110% range
Studio$1,580+5.3%$1,422–$1,738
1BR$1,590+5.3%$1,431–$1,749
2BR$2,090+5.6%$1,881–$2,299
3BR$2,820+6.4%$2,538–$3,102
4BR$3,240+8.0%$2,916–$3,564

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02878
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,580$1,590$2,090$2,820$3,240
FY 2026$1,500$1,510$1,980$2,650$3,000
FY 2025$1,550$1,560$2,050$2,700$3,240
FY 2024$1,350$1,430$1,780$2,390$2,950
FY 2023$1,060$1,190$1,540$2,140$2,630

Two-bedroom rent in nearby Newport County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02878
02801$2,490+19.1%
02835$2,750+31.6%
02837$2,820+34.9%
02840$2,480+18.7%
02841$2,480+18.7%
02842$2,590+23.9%
02871$2,430+16.3%
02872$2,450+17.2%
02878Current$2,090—

Questions about ZIP 02878 rents

How much will Section 8 pay for a two-bedroom in ZIP 02878?

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 $2,090 it would be $1,881 to $2,299. 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 02878 in?

ZIP 02878 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 02878 for FY 2027?

The two-bedroom FMR rose 5.6%, from $1,980 in FY 2026 to $2,090 in FY 2027. Since FY 2023 it has risen 35.7%.

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 rentTiverton, RI fair market rentRI statewide rentsWhat is SAFMR?Data sources