FY2027 Small Area FMR · Oakland, RI

ZIP 02858 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02858 (Oakland, RI) is $1,580 a month, up 6.8% from FY2026. That is 16% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,580per month ▲ 6.8%

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

Rank in the area97thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,422

2 BR Small Area FMR$1,580

110% of SAFMR$1,738

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

Studio$1,200▲ 5.3%

1 BR$1,270▲ 5.8%

2 BR$1,580▲ 6.8%

3 BR$1,940▲ 8.4%

4 BR$2,240▲ 5.2%

FY2027 FY2026

Where 02858 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02858 has the 97th 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 $1,580 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	$1,200	$1,080 – $1,320	$1,423	$1,140
1 bedroom	$1,270	$1,143 – $1,397	$1,509	$1,200
2 bedrooms	$1,580	$1,422 – $1,738	$1,879	$1,480
3 bedrooms	$1,940	$1,746 – $2,134	$2,302	$1,790
4 bedrooms	$2,240	$2,016 – $2,464	$2,615	$2,130

A household renting a two-bedroom home at the Small Area FMR of $1,580 needs about $63,200 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 02858 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
02830	Harrisville	0.8 mi	$1,560
02826	Glendale	1.3 mi	$1,560
02839	Mapleville	1.7 mi	$2,220
02876	Slatersville	4.1 mi	$2,720
02824	Forestdale	5.2 mi	$1,750
02814	Chepachet	5.2 mi	$1,710

Questions

What is the Fair Market Rent for ZIP code 02858?

HUD's FY2027 Small Area Fair Market Rents for 02858 are $1,200 (studio), $1,270 (1 BR), $1,580 (2 BR), $1,940 (3 BR) and $2,240 (4 BR) a month.

What is the Section 8 payment standard in 02858?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02858 that range is $1,422 to $1,738 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02858?

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.