FY2027 Small Area FMR · Fall River, MA

ZIP 02721 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02721 (Fall River, MA) is $1,560 a month, up 6.8% from FY2026. That is 17% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,560per month ▲ 6.8%

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

Rank in the area98thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,404

2 BR Small Area FMR$1,560

110% of SAFMR$1,716

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

Studio$1,190▲ 7.2%

1 BR$1,270▲ 6.7%

2 BR$1,560▲ 6.8%

3 BR$1,880▲ 6.8%

4 BR$2,240▲ 5.2%

FY2027 FY2026

Where 02721 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02721 has the 98th 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 $1,560 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	$1,190	$1,071 – $1,309	$1,423	$1,110
1 bedroom	$1,270	$1,143 – $1,397	$1,509	$1,190
2 bedrooms	$1,560	$1,404 – $1,716	$1,879	$1,460
3 bedrooms	$1,880	$1,692 – $2,068	$2,302	$1,760
4 bedrooms	$2,240	$2,016 – $2,464	$2,615	$2,130

A household renting a two-bedroom home at the Small Area FMR of $1,560 needs about $62,400 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 02721 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	1.5 mi	$1,660
02724	Fall River	1.6 mi	$1,690
02720	Fall River	3.6 mi	$1,800
02725	Somerset	3.7 mi	$1,790
02878	Tiverton	5.0 mi	$2,090
02726	Somerset	5.8 mi	$1,890

Questions

What is the Fair Market Rent for ZIP code 02721?

HUD's FY2027 Small Area Fair Market Rents for 02721 are $1,190 (studio), $1,270 (1 BR), $1,560 (2 BR), $1,880 (3 BR) and $2,240 (4 BR) a month.

What is the Section 8 payment standard in 02721?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02721 that range is $1,404 to $1,716 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02721?

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.