FY2027 Small Area FMR · Saunderstown, RI

ZIP 02874 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02874 (Saunderstown, RI) is $1,970 a month, up 4.8% from FY2026. That is 5% above the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,970per month ▲ 4.8%

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

Rank in the area47thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,773

2 BR Small Area FMR$1,970

110% of SAFMR$2,167

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

Studio$1,490▲ 3.5%

1 BR$1,580▲ 3.9%

2 BR$1,970▲ 4.8%

3 BR$2,410▲ 5.7%

4 BR$2,740▲ 1.5%

FY2027 FY2026

Where 02874 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02874 has the 47th 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 $1,970 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	$1,490	$1,341 – $1,639	$1,423	$1,440
1 bedroom	$1,580	$1,422 – $1,738	$1,509	$1,520
2 bedrooms	$1,970	$1,773 – $2,167	$1,879	$1,880
3 bedrooms	$2,410	$2,169 – $2,651	$2,302	$2,280
4 bedrooms	$2,740	$2,466 – $3,014	$2,615	$2,700

A household renting a two-bedroom home at the Small Area FMR of $1,970 needs about $78,800 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 02874 lies mainly in Washington 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
02881	Kingston	3.4 mi	$1,940
02835	Jamestown	5.0 mi	$2,750
02852	North Kingstown	5.5 mi	$1,920
02892	West Kingston	6.2 mi	$2,050
02882	Narragansett	6.4 mi	$2,490
02879	Wakefield	6.5 mi	$1,980

Questions

What is the Fair Market Rent for ZIP code 02874?

HUD's FY2027 Small Area Fair Market Rents for 02874 are $1,490 (studio), $1,580 (1 BR), $1,970 (2 BR), $2,410 (3 BR) and $2,740 (4 BR) a month.

What is the Section 8 payment standard in 02874?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02874 that range is $1,773 to $2,167 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02874?

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.