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Providence County/North Providence/02911

02911

ZIPSAFMR
Providence County, RI
Zillow

ZIP Investment Score

95Above average

095130300
BRFMR
Eff. Rent
0 BR$1,620$1,760
1 BR$1,720$1,590
2 BR$2,140$2,170
3 BR$2,620$2,650
4 BR$2,980$2,980
5 BR$3,427Not available
6 BR$3,941Not available
7 BR$4,532Not available
8 BR$5,212Not available

Purchase Price Calculator

Maximum purchase price
$260,545

Cost breakdown

+Likely effective rent$2,170
HUD FMR$2,140
Market rent$2,190
Est. payment standard (102%)Used$2,170
-Principal and interest-$1,317
Loan amount$208,436
Down payment$52,109
Rate6.50%
Term30 years
-Operating costs-$653
Property taxes-$261
Insurance-$175
Utilities$0
HOA$0
Management-$217
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,701(66.6% ROI)
Projected value
$280,578
Return breakdown
Property appreciation+$20,033
Loan principal paid down+$7,468
Rental cash flow+$7,200
5-year hold
+$59,555(114.3% ROI)
Projected value
$294,782
Return breakdown
Property appreciation+$34,238
Loan principal paid down+$13,317
Rental cash flow+$12,000
10-year hold
+$128,707(247.0% ROI)
Projected value
$333,519
Return breakdown
Property appreciation+$72,975
Loan principal paid down+$31,732
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
1.08
2 BR
0.98
3 BR
0.98
4 BR
1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 02911 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02911 (North Providence, RI) is $2,140 a month. That is up 9.7% from $1,950 in FY 2026. North Providence 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 47 ZIP codes in Providence County, 02911 has the 11th-highest two-bedroom rent (county range $1,560–$2,720). The median county two-bedroom FMR in Rhode Island is $1,879, so ZIP 02911 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 02911
BedroomsFY 2027Change90–110% range
Studio$1,620+8.7%$1,458–$1,782
1BR$1,720+8.9%$1,548–$1,892
2BR$2,140+9.7%$1,926–$2,354
3BR$2,620+11.5%$2,358–$2,882
4BR$2,980+6.4%$2,682–$3,278

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 02911
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,620$1,720$2,140$2,620$2,980
FY 2026$1,490$1,580$1,950$2,350$2,800
FY 2025$1,340$1,440$1,760$2,120$2,570
FY 2024$1,360$1,470$1,780$2,150$2,670
FY 2023$1,100$1,210$1,460$1,780$2,190

Two-bedroom rent in nearby Providence County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 02911
02905$1,810−15.4%
02906$2,500+16.8%
02907$1,730−19.2%
02908$1,850−13.6%
02909$1,940−9.3%
02910$1,940−9.3%
02911Current$2,140—
02912$2,510+17.3%
02914$1,920−10.3%
02915$2,190+2.3%
02916$1,820−15.0%
02917$1,560−27.1%

Questions about ZIP 02911 rents

How much will Section 8 pay for a two-bedroom in ZIP 02911?

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 $2,140 it would be $1,926 to $2,354. 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 02911 in?

ZIP 02911 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 02911 for FY 2027?

The two-bedroom FMR rose 9.7%, from $1,950 in FY 2026 to $2,140 in FY 2027. Since FY 2023 it has risen 46.6%.

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