FY2027 Small Area FMR · Middletown, RI

ZIP 02842 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02842 (Middletown, RI) is $2,590 a month, up 13.1% from FY2026. That is 3% above the Newport-Middleton-Portsmouth, RI area-wide FMR of $2,507.

2-bedroom SAFMR$2,590per month ▲ 13.1%

Area-wide 2 BR FMR$2,507Newport-Middleton-Portsmouth

Rank in the area1stof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,331

2 BR Small Area FMR$2,590

110% of SAFMR$2,849

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

Studio$1,970▲ 13.9%

1 BR$1,980▲ 13.1%

2 BR$2,590▲ 13.1%

3 BR$3,440▲ 11.0%

4 BR$4,110▲ 15.4%

FY2027 FY2026

Where 02842 sits in the Newport-Middleton-Portsmouth, RI area

Of the 6 ZIP codes HUD lists for the area, 02842 has the 1st highest two-bedroom Small Area FMR. Newport-Middleton-Portsmouth, 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 $2,507 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,590 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	$1,970	$1,773 – $2,167	$1,904	$1,730
1 bedroom	$1,980	$1,782 – $2,178	$1,916	$1,750
2 bedrooms	$2,590	$2,331 – $2,849	$2,507	$2,290
3 bedrooms	$3,440	$3,096 – $3,784	$3,327	$3,100
4 bedrooms	$4,110	$3,699 – $4,521	$3,981	$3,560

A household renting a two-bedroom home at the Small Area FMR of $2,590 needs about $103,600 a year to keep housing costs at 30% of income. The area median family income is $137,700 and the 80% low-income limit for four people is $107,900. ZIP code 02842 lies mainly in Newport County. See the Newport-Middleton-Portsmouth, RI county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
02841	Newport	2.7 mi	$2,480
02840	Newport	3.5 mi	$2,480
02871	Portsmouth	4.9 mi	$2,430
02835	Jamestown	5.2 mi	$2,750
02837	Little Compton	5.7 mi	$2,820
02872	Prudence Island	5.9 mi	$2,450

Questions

What is the Fair Market Rent for ZIP code 02842?

HUD's FY2027 Small Area Fair Market Rents for 02842 are $1,970 (studio), $1,980 (1 BR), $2,590 (2 BR), $3,440 (3 BR) and $4,110 (4 BR) a month.

What is the Section 8 payment standard in 02842?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02842 that range is $2,331 to $2,849 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02842?

The FY2026 income limits of the Newport-Middleton-Portsmouth, RI area apply: median family income $137,700, low-income (80%) limit $107,900 for a family of four.