FY2027 Small Area FMR · Block Island, RI
ZIP 02807 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02807 (Block Island, RI) is $1,990 a month, up 5.9% from FY2026. That is 9% above the Westerly-Hopkinton-New Shoreham, RI area-wide FMR of $1,832.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 02807 sits in the Westerly-Hopkinton-New Shoreham, RI area
Of the 9 ZIP codes HUD lists for the area, 02807 has the 1st 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 $1,990 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,510 | $1,359 – $1,661 | $1,391 | $1,480 |
| 1 bedroom | $1,520 | $1,368 – $1,672 | $1,400 | $1,490 |
| 2 bedrooms | $1,990 | $1,791 – $2,189 | $1,832 | $1,880 |
| 3 bedrooms | $2,530 | $2,277 – $2,783 | $2,325 | $2,340 |
| 4 bedrooms | $3,000 | $2,700 – $3,300 | $2,758 | $2,540 |
A household renting a two-bedroom home at the Small Area FMR of $1,990 needs about $79,600 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 02807 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
Questions
What is the Fair Market Rent for ZIP code 02807?
HUD's FY2027 Small Area Fair Market Rents for 02807 are $1,510 (studio), $1,520 (1 BR), $1,990 (2 BR), $2,530 (3 BR) and $3,000 (4 BR) a month.
What is the Section 8 payment standard in 02807?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02807 that range is $1,791 to $2,189 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 02807?
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.