FY2027 Small Area FMR · Prudence Island, RI
ZIP 02872 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02872 (Prudence Island, RI) is $2,450 a month, up 8.9% from FY2026. That is 2% below the Newport-Middleton-Portsmouth, RI area-wide FMR of $2,507.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 02872 sits in the Newport-Middleton-Portsmouth, RI area
Of the 6 ZIP codes HUD lists for the area, 02872 has the 4th 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 $2,450 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,860 | $1,674 – $2,046 | $1,904 | $1,700 |
| 1 bedroom | $1,870 | $1,683 – $2,057 | $1,916 | $1,710 |
| 2 bedrooms | $2,450 | $2,205 – $2,695 | $2,507 | $2,250 |
| 3 bedrooms | $3,250 | $2,925 – $3,575 | $3,327 | $3,040 |
| 4 bedrooms | $3,890 | $3,501 – $4,279 | $3,981 | $3,500 |
A household renting a two-bedroom home at the Small Area FMR of $2,450 needs about $98,000 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 02872 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
Questions
What is the Fair Market Rent for ZIP code 02872?
HUD's FY2027 Small Area Fair Market Rents for 02872 are $1,860 (studio), $1,870 (1 BR), $2,450 (2 BR), $3,250 (3 BR) and $3,890 (4 BR) a month.
What is the Section 8 payment standard in 02872?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02872 that range is $2,205 to $2,695 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 02872?
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.