FY2027 Small Area FMR · Pawtucket, RI

ZIP 02862 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02862 (Pawtucket, RI) is $1,890 a month, up 9.2% from FY2026. That is 1% above the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,890per month ▲ 9.2%

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

Rank in the area60thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,701

2 BR Small Area FMR$1,890

110% of SAFMR$2,079

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

Studio$1,430▲ 8.3%

1 BR$1,520▲ 8.6%

2 BR$1,890▲ 9.2%

3 BR$2,320▲ 11.0%

4 BR$2,630▲ 6.0%

FY2027 FY2026

Where 02862 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02862 has the 60th 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 $1,890 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	$1,430	$1,287 – $1,573	$1,423	$1,320
1 bedroom	$1,520	$1,368 – $1,672	$1,509	$1,400
2 bedrooms	$1,890	$1,701 – $2,079	$1,879	$1,730
3 bedrooms	$2,320	$2,088 – $2,552	$2,302	$2,090
4 bedrooms	$2,630	$2,367 – $2,893	$2,615	$2,480

A household renting a two-bedroom home at the Small Area FMR of $1,890 needs about $75,600 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 02862 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
02860	Pawtucket	1.2 mi	$1,720
02861	Pawtucket	1.5 mi	$1,770
02916	Rumford	1.5 mi	$1,820
02906	Providence	1.8 mi	$2,500
02863	Central Falls	2.4 mi	$1,650
02912	Providence	3.0 mi	$2,510

Questions

What is the Fair Market Rent for ZIP code 02862?

HUD's FY2027 Small Area Fair Market Rents for 02862 are $1,430 (studio), $1,520 (1 BR), $1,890 (2 BR), $2,320 (3 BR) and $2,630 (4 BR) a month.

What is the Section 8 payment standard in 02862?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02862 that range is $1,701 to $2,079 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02862?

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.