FY2027 Small Area FMR · Coventry, RI

ZIP 02816 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02816 (Coventry, RI) is $1,820 a month, up 7.1% from FY2026. That is 3% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,820per month ▲ 7.1%

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

Rank in the area72ndof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,638

2 BR Small Area FMR$1,820

110% of SAFMR$2,002

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

Studio$1,380▲ 6.2%

1 BR$1,460▲ 5.8%

2 BR$1,820▲ 7.1%

3 BR$2,230▲ 8.8%

4 BR$2,530▲ 3.7%

FY2027 FY2026

Where 02816 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02816 has the 72nd 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 $1,820 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	$1,380	$1,242 – $1,518	$1,423	$1,300
1 bedroom	$1,460	$1,314 – $1,606	$1,509	$1,380
2 bedrooms	$1,820	$1,638 – $2,002	$1,879	$1,700
3 bedrooms	$2,230	$2,007 – $2,453	$2,302	$2,050
4 bedrooms	$2,530	$2,277 – $2,783	$2,615	$2,440

A household renting a two-bedroom home at the Small Area FMR of $1,820 needs about $72,800 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 02816 lies mainly in Kent County and 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
02823	Fiskeville	4.6 mi	$2,320
02817	West Greenwich	5.0 mi	$2,820
02831	Hope	5.1 mi	$2,470
02893	West Warwick	5.4 mi	$1,810
02815	Clayville	5.6 mi	$2,100
02827	Greene	6.0 mi	$2,820

Questions

What is the Fair Market Rent for ZIP code 02816?

HUD's FY2027 Small Area Fair Market Rents for 02816 are $1,380 (studio), $1,460 (1 BR), $1,820 (2 BR), $2,230 (3 BR) and $2,530 (4 BR) a month.

What is the Section 8 payment standard in 02816?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02816 that range is $1,638 to $2,002 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02816?

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.