FY2027 Small Area FMR · Warren, RI

ZIP 02885 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02885 (Warren, RI) is $1,860 a month, up 10.1% from FY2026. That is 1% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,860per month ▲ 10.1%

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

Rank in the area69thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,674

2 BR Small Area FMR$1,860

110% of SAFMR$2,046

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

Studio$1,410▲ 9.3%

1 BR$1,490▲ 8.8%

2 BR$1,860▲ 10.1%

3 BR$2,280▲ 11.8%

4 BR$2,590▲ 7.0%

FY2027 FY2026

Where 02885 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02885 has the 69th 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 $1,860 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	$1,410	$1,269 – $1,551	$1,423	$1,290
1 bedroom	$1,490	$1,341 – $1,639	$1,509	$1,370
2 bedrooms	$1,860	$1,674 – $2,046	$1,879	$1,690
3 bedrooms	$2,280	$2,052 – $2,508	$2,302	$2,040
4 bedrooms	$2,590	$2,331 – $2,849	$2,615	$2,420

A household renting a two-bedroom home at the Small Area FMR of $1,860 needs about $74,400 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 02885 lies mainly in Bristol 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
02777	Swansea	3.2 mi	$1,890
02806	Barrington	3.3 mi	$2,560
02809	Bristol	3.5 mi	$2,030
02725	Somerset	3.7 mi	$1,790
02724	Fall River	5.1 mi	$1,690
02915	Riverside	5.9 mi	$2,190

Questions

What is the Fair Market Rent for ZIP code 02885?

HUD's FY2027 Small Area Fair Market Rents for 02885 are $1,410 (studio), $1,490 (1 BR), $1,860 (2 BR), $2,280 (3 BR) and $2,590 (4 BR) a month.

What is the Section 8 payment standard in 02885?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02885 that range is $1,674 to $2,046 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02885?

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.