FY2027 Small Area FMR · Ashaway, RI

ZIP 02804 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02804 (Ashaway, RI) is $1,980 a month, up 10.6% from FY2026. That is 8% above the Westerly-Hopkinton-New Shoreham, RI area-wide FMR of $1,832.

2-bedroom SAFMR$1,980per month ▲ 10.6%

Area-wide 2 BR FMR$1,832Westerly-Hopkinton-New Shore

Rank in the area2ndof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,782

2 BR Small Area FMR$1,980

110% of SAFMR$2,178

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

Studio$1,500▲ 6.4%

1 BR$1,510▲ 6.3%

2 BR$1,980▲ 10.6%

3 BR$2,510▲ 12.6%

4 BR$2,980▲ 23.1%

FY2027 FY2026

Where 02804 sits in the Westerly-Hopkinton-New Shoreham, RI area

Of the 9 ZIP codes HUD lists for the area, 02804 has the 2nd highest two-bedroom Small Area FMR. Westerly-Hopkinton-New Shoreham, RI 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 $1,832 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,980 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	$1,500	$1,350 – $1,650	$1,391	$1,410
1 bedroom	$1,510	$1,359 – $1,661	$1,400	$1,420
2 bedrooms	$1,980	$1,782 – $2,178	$1,832	$1,790
3 bedrooms	$2,510	$2,259 – $2,761	$2,325	$2,230
4 bedrooms	$2,980	$2,682 – $3,278	$2,758	$2,420

A household renting a two-bedroom home at the Small Area FMR of $1,980 needs about $79,200 a year to keep housing costs at 30% of income. The area median family income is $129,000 and the 80% low-income limit for four people is $103,200. ZIP code 02804 lies mainly in Washington County. See the Westerly-Hopkinton-New Shoreham, RI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
02808	Bradford	2.0 mi	$1,560
02894	Wood River Junction	3.7 mi	$1,890
02833	Hopkinton	3.9 mi	$1,880
02891	Westerly	5.3 mi	$1,890
02813	Charlestown	5.8 mi	$2,000
06359	North Stonington	5.9 mi	$1,900

Questions

What is the Fair Market Rent for ZIP code 02804?

HUD's FY2027 Small Area Fair Market Rents for 02804 are $1,500 (studio), $1,510 (1 BR), $1,980 (2 BR), $2,510 (3 BR) and $2,980 (4 BR) a month.

What is the Section 8 payment standard in 02804?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02804 that range is $1,782 to $2,178 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02804?

The FY2026 income limits of the Westerly-Hopkinton-New Shoreham, RI area apply: median family income $129,000, low-income (80%) limit $103,200 for a family of four.