FY2027 Small Area FMR · Fall River, MA

ZIP 02720 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02720 (Fall River, MA) is $1,800 a month, up 11.1% from FY2026. That is 4% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,800per month ▲ 11.1%

Area-wide 2 BR FMR$1,879Providence-Fall River, RI-MA

Rank in the area77thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,620

2 BR Small Area FMR$1,800

110% of SAFMR$1,980

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,360▲ 9.7%

1 BR$1,450▲ 10.7%

2 BR$1,800▲ 11.1%

3 BR$2,210▲ 12.8%

4 BR$2,510▲ 8.2%

FY2027 FY2026

Where 02720 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02720 has the 77th highest two-bedroom Small Area FMR. Providence-Fall River, RI-MA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,879 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,800 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,360	$1,224 – $1,496	$1,423	$1,240
1 bedroom	$1,450	$1,305 – $1,595	$1,509	$1,310
2 bedrooms	$1,800	$1,620 – $1,980	$1,879	$1,620
3 bedrooms	$2,210	$1,989 – $2,431	$2,302	$1,960
4 bedrooms	$2,510	$2,259 – $2,761	$2,615	$2,320

A household renting a two-bedroom home at the Small Area FMR of $1,800 needs about $72,000 a year to keep housing costs at 30% of income. The area median family income is $112,100 and the 80% low-income limit for four people is $89,700. ZIP code 02720 lies mainly in Bristol County. See the Providence-Fall River, RI-MA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
02723	Fall River	2.1 mi	$1,660
02726	Somerset	2.8 mi	$1,890
02725	Somerset	3.4 mi	$1,790
02721	Fall River	3.6 mi	$1,560
02724	Fall River	4.0 mi	$1,690
02777	Swansea	5.4 mi	$1,890

Questions

What is the Fair Market Rent for ZIP code 02720?

HUD's FY2027 Small Area Fair Market Rents for 02720 are $1,360 (studio), $1,450 (1 BR), $1,800 (2 BR), $2,210 (3 BR) and $2,510 (4 BR) a month.

What is the Section 8 payment standard in 02720?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02720 that range is $1,620 to $1,980 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02720?

The FY2026 income limits of the Providence-Fall River, RI-MA area apply: median family income $112,100, low-income (80%) limit $89,700 for a family of four.