FY2027 Small Area FMR · Providence, RI

ZIP 02906 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02906 (Providence, RI) is $2,500 a month, up 6.8% from FY2026. That is 33% above the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$2,500per month ▲ 6.8%

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

Rank in the area14thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,250

2 BR Small Area FMR$2,500

110% of SAFMR$2,750

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

Studio$1,890▲ 6.2%

1 BR$2,010▲ 5.8%

2 BR$2,500▲ 6.8%

3 BR$3,060▲ 8.1%

4 BR$3,480▲ 3.6%

FY2027 FY2026

Where 02906 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02906 has the 14th 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 $2,500 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	$1,890	$1,701 – $2,079	$1,423	$1,780
1 bedroom	$2,010	$1,809 – $2,211	$1,509	$1,900
2 bedrooms	$2,500	$2,250 – $2,750	$1,879	$2,340
3 bedrooms	$3,060	$2,754 – $3,366	$2,302	$2,830
4 bedrooms	$3,480	$3,132 – $3,828	$2,615	$3,360

A household renting a two-bedroom home at the Small Area FMR of $2,500 needs about $100,000 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 02906 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
02912	Providence	1.2 mi	$2,510
02903	Providence	1.8 mi	$2,630
02916	Rumford	2.0 mi	$1,820
02860	Pawtucket	2.1 mi	$1,720
02914	East Providence	2.1 mi	$1,920
02908	Providence	2.4 mi	$1,850

Questions

What is the Fair Market Rent for ZIP code 02906?

HUD's FY2027 Small Area Fair Market Rents for 02906 are $1,890 (studio), $2,010 (1 BR), $2,500 (2 BR), $3,060 (3 BR) and $3,480 (4 BR) a month.

What is the Section 8 payment standard in 02906?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02906 that range is $2,250 to $2,750 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02906?

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.