FY2027 Small Area FMR · Fall River, MA

ZIP 02723 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02723 (Fall River, MA) is $1,660 a month, up 9.9% from FY2026. That is 12% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,660per month ▲ 9.9%

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

Rank in the area94thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,494

2 BR Small Area FMR$1,660

110% of SAFMR$1,826

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

Studio$1,260▲ 9.6%

1 BR$1,330▲ 9.0%

2 BR$1,660▲ 9.9%

3 BR$2,030▲ 11.5%

4 BR$2,310▲ 6.5%

FY2027 FY2026

Where 02723 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02723 has the 94th 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 $1,660 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	$1,260	$1,134 – $1,386	$1,423	$1,150
1 bedroom	$1,330	$1,197 – $1,463	$1,509	$1,220
2 bedrooms	$1,660	$1,494 – $1,826	$1,879	$1,510
3 bedrooms	$2,030	$1,827 – $2,233	$2,302	$1,820
4 bedrooms	$2,310	$2,079 – $2,541	$2,615	$2,170

A household renting a two-bedroom home at the Small Area FMR of $1,660 needs about $66,400 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 02723 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
02721	Fall River	1.5 mi	$1,560
02720	Fall River	2.1 mi	$1,800
02724	Fall River	2.5 mi	$1,690
02725	Somerset	3.6 mi	$1,790
02726	Somerset	4.7 mi	$1,890
02747	North Dartmouth	6.2 mi	$2,190

Questions

What is the Fair Market Rent for ZIP code 02723?

HUD's FY2027 Small Area Fair Market Rents for 02723 are $1,260 (studio), $1,330 (1 BR), $1,660 (2 BR), $2,030 (3 BR) and $2,310 (4 BR) a month.

What is the Section 8 payment standard in 02723?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02723 that range is $1,494 to $1,826 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02723?

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.