FY2027 Small Area FMR · Central Falls, RI

ZIP 02863 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02863 (Central Falls, RI) is $1,650 a month, up 10.0% from FY2026. That is 12% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,650per month ▲ 10.0%

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

Rank in the area96thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,485

2 BR Small Area FMR$1,650

110% of SAFMR$1,815

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

Studio$1,250▲ 9.6%

1 BR$1,320▲ 8.2%

2 BR$1,650▲ 10.0%

3 BR$2,020▲ 11.6%

4 BR$2,300▲ 7.0%

FY2027 FY2026

Where 02863 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02863 has the 96th 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 $1,650 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	$1,250	$1,125 – $1,375	$1,423	$1,140
1 bedroom	$1,320	$1,188 – $1,452	$1,509	$1,220
2 bedrooms	$1,650	$1,485 – $1,815	$1,879	$1,500
3 bedrooms	$2,020	$1,818 – $2,222	$2,302	$1,810
4 bedrooms	$2,300	$2,070 – $2,530	$2,615	$2,150

A household renting a two-bedroom home at the Small Area FMR of $1,650 needs about $66,000 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 02863 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	1.4 mi	$1,720
02861	Pawtucket	2.2 mi	$1,770
02904	Providence	3.1 mi	$1,910
02865	Lincoln	3.4 mi	$1,920
02906	Providence	3.4 mi	$2,500
02916	Rumford	3.9 mi	$1,820

Questions

What is the Fair Market Rent for ZIP code 02863?

HUD's FY2027 Small Area Fair Market Rents for 02863 are $1,250 (studio), $1,320 (1 BR), $1,650 (2 BR), $2,020 (3 BR) and $2,300 (4 BR) a month.

What is the Section 8 payment standard in 02863?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02863 that range is $1,485 to $1,815 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02863?

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.