FY2027 Small Area FMR · Providence, RI

ZIP 02907 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02907 (Providence, RI) is $1,730 a month, up 8.8% from FY2026. That is 8% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,730per month ▲ 8.8%

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

Rank in the area88thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,557

2 BR Small Area FMR$1,730

110% of SAFMR$1,903

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

Studio$1,310▲ 8.3%

1 BR$1,390▲ 7.8%

2 BR$1,730▲ 8.8%

3 BR$2,120▲ 10.4%

4 BR$2,410▲ 5.7%

FY2027 FY2026

Where 02907 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02907 has the 88th 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 $1,730 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	$1,310	$1,179 – $1,441	$1,423	$1,210
1 bedroom	$1,390	$1,251 – $1,529	$1,509	$1,290
2 bedrooms	$1,730	$1,557 – $1,903	$1,879	$1,590
3 bedrooms	$2,120	$1,908 – $2,332	$2,302	$1,920
4 bedrooms	$2,410	$2,169 – $2,651	$2,615	$2,280

A household renting a two-bedroom home at the Small Area FMR of $1,730 needs about $69,200 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 02907 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
02903	Providence	1.6 mi	$2,630
02910	Cranston	1.7 mi	$1,940
02905	Providence	1.8 mi	$1,810
02909	Providence	2.2 mi	$1,940
02912	Providence	2.2 mi	$2,510
02908	Providence	2.9 mi	$1,850

Questions

What is the Fair Market Rent for ZIP code 02907?

HUD's FY2027 Small Area Fair Market Rents for 02907 are $1,310 (studio), $1,390 (1 BR), $1,730 (2 BR), $2,120 (3 BR) and $2,410 (4 BR) a month.

What is the Section 8 payment standard in 02907?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02907 that range is $1,557 to $1,903 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02907?

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.