FY2027 Small Area FMR · Albion, RI

ZIP 02802 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02802 (Albion, RI) is $1,900 a month, up 7.3% from FY2026. That is 1% above the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,900per month ▲ 7.3%

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

Rank in the area59thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,710

2 BR Small Area FMR$1,900

110% of SAFMR$2,090

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

Studio$1,440▲ 7.5%

1 BR$1,530▲ 7.0%

2 BR$1,900▲ 7.3%

3 BR$2,330▲ 9.4%

4 BR$2,640▲ 4.3%

FY2027 FY2026

Where 02802 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02802 has the 59th 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 $1,900 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	$1,440	$1,296 – $1,584	$1,423	$1,340
1 bedroom	$1,530	$1,377 – $1,683	$1,509	$1,430
2 bedrooms	$1,900	$1,710 – $2,090	$1,879	$1,770
3 bedrooms	$2,330	$2,097 – $2,563	$2,302	$2,130
4 bedrooms	$2,640	$2,376 – $2,904	$2,615	$2,530

A household renting a two-bedroom home at the Small Area FMR of $1,900 needs about $76,000 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 02802 lies mainly in Providence 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
02838	Manville	1.5 mi	$1,970
02864	Cumberland	2.1 mi	$1,820
02865	Lincoln	2.6 mi	$1,920
02895	Woonsocket	4.1 mi	$1,720
02917	Smithfield	4.7 mi	$1,560
02896	North Smithfield	4.8 mi	$1,740

Questions

What is the Fair Market Rent for ZIP code 02802?

HUD's FY2027 Small Area Fair Market Rents for 02802 are $1,440 (studio), $1,530 (1 BR), $1,900 (2 BR), $2,330 (3 BR) and $2,640 (4 BR) a month.

What is the Section 8 payment standard in 02802?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02802 that range is $1,710 to $2,090 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02802?

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.