Location: Providence-Fall River, RI | Metro: Providence-Fall River, RI-MA HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,510 |
| 1 Bedroom | $1,600 |
| 2 Bedrooms | $2,000 |
| 3 Bedrooms | $2,450 |
| 4 Bedrooms | $2,790 |
| 5 Bedrooms | $3,236 |
| 6 Bedrooms | $3,624 |
| 7 Bedrooms | $3,914 |
| 8 Bedrooms | $4,110 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,000 | $449,705 | 0.44% | F |
| 3BR | $2,450 | $598,189 | 0.41% | F |
| 4BR | $2,790 | $772,562 | 0.36% | F |
U.S. Census Bureau data (2024)
ZIP 02763, located in North Attleboro, MA, within the Providence-Fall River, RI-MA HUD Metro FMR Area, presents itself as a cash-flow anchor in a Section 8 portfolio strategy. The Federal Market Rent (FMR) for FY 2024 is set at $1780, which is significantly higher than the market rent of $1621. This $159 spread ensures that landlords can secure a steady, above-market rental income through Section 8 vouchers.
The median home value in ZIP 02763 stands at $655,949. While this high median value might suggest a potential for appreciation, the lack of specific data on price-cut shares and days on market (DOM) indicates that this ZIP code does not offer a strong appreciation play. Therefore, focusing on the cash-flow aspect is more prudent given the available data.
As a cash-flow anchor, ZIP 02763 provides stability and predictability to an investment portfolio. The guaranteed rental income from Section 8 vouchers, coupled with the slightly above-market FMR, ensures that landlords can rely on consistent cash flows. This is particularly important in managing a portfolio where some properties might underperform or face vacancy issues. By having anchors like ZIP 02763, landlords can balance out their portfolios and maintain a steady stream of income.
Furthermore, the high median income of $114,337 in ZIP 02763 suggests a robust economic base that supports the demand for housing, including subsidized units. Landlords should note that while the median income is high, the 36.5% renter share indicates a significant portion of the population relies on rental housing, including those who benefit from Section 8 assistance. This mix of a strong local economy and a substantial rental market makes ZIP 02763 a reliable choice for cash-flow generation within a Section 8 portfolio.
To summarize, ZIP 02763 is best suited as a cash-flow anchor in a Section 8 portfolio strategy due to its favorable FMR compared to market rents and the economic strength of the area, ensuring steady and predictable income for landlords.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.