FY2027 Small Area FMR · Chepachet, RI

ZIP 02814 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02814 (Chepachet, RI) is $1,710 a month, up 6.9% from FY2026. That is 9% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,710per month ▲ 6.9%

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

Rank in the area91stof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,539

2 BR Small Area FMR$1,710

110% of SAFMR$1,881

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

Studio$1,300▲ 6.6%

1 BR$1,370▲ 5.4%

2 BR$1,710▲ 6.9%

3 BR$2,090▲ 8.3%

4 BR$2,380▲ 3.5%

FY2027 FY2026

Where 02814 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02814 has the 91st 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 $1,710 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	$1,300	$1,170 – $1,430	$1,423	$1,220
1 bedroom	$1,370	$1,233 – $1,507	$1,509	$1,300
2 bedrooms	$1,710	$1,539 – $1,881	$1,879	$1,600
3 bedrooms	$2,090	$1,881 – $2,299	$2,302	$1,930
4 bedrooms	$2,380	$2,142 – $2,618	$2,615	$2,300

A household renting a two-bedroom home at the Small Area FMR of $1,710 needs about $68,400 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 02814 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
02839	Mapleville	4.1 mi	$2,220
02858	Oakland	5.2 mi	$1,580
02859	Pascoag	5.4 mi	$1,760
02829	Harmony	5.6 mi	$1,710
02830	Harrisville	5.8 mi	$1,560
02857	North Scituate	6.0 mi	$2,080

Questions

What is the Fair Market Rent for ZIP code 02814?

HUD's FY2027 Small Area Fair Market Rents for 02814 are $1,300 (studio), $1,370 (1 BR), $1,710 (2 BR), $2,090 (3 BR) and $2,380 (4 BR) a month.

What is the Section 8 payment standard in 02814?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02814 that range is $1,539 to $1,881 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02814?

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.