Section 8 Fair Market Rent (FMR) for ZIP 02769 - 2027

Location: Providence-Fall River, RI | Metro: Providence-Fall River, RI-MA HUD Metro FMR Area

Investment Score for ZIP 02769

Monthly Rent (2BR)

$1,660

Median Price (2BR)

$544,109

1% Rule

0.31%

Annual Yield

3.66%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,260
1 Bedroom	$1,330
2 Bedrooms	$1,660
3 Bedrooms	$2,030
4 Bedrooms	$2,310
5 Bedrooms	$2,680
6 Bedrooms	$3,002
7 Bedrooms	$3,242
8 Bedrooms	$3,404

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,660	$544,109	0.31%	F
3BR	$2,030	$647,745	0.31%	F
4BR	$2,310	$829,297	0.28%	F
5BR	$2,680	$906,098	0.3%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

13,022

Median Household Income

$138,214

Housing Units

4,820

Renter Percentage

7.1%

Occupancy Rate

96.9%

Renter Occupied

331

Rehoboth, MA, represented by ZIP code 02769, is a suburban community known for its quiet neighborhoods and proximity to urban amenities. The area offers a mix of single-family homes and rental properties, catering to both homeowners and renters. Here's a concise analysis based on recent data:

The Fair Market Rent (FMR) for ZIP 02769 is set at $1,790 per month for fiscal year 2024, indicating the maximum amount that low-income families should pay for housing.
The average market rent for the area stands at $1,195 per month, according to the latest Census American Community Survey (ACS) data, reflecting the typical rent prices landlords can expect.
The median home value in Rehoboth, MA, is $660,400, suggesting a relatively high-end residential market where property investments can yield substantial returns.
Renters make up only 7.1% of the population, highlighting a strong preference for homeownership over renting among residents.
The median household income in the area is $138,214, which is significantly higher than the national average, pointing to a financially stable demographic.

In summary, while the Fair Market Rent suggests a high barrier for low-income families, the actual market rents are lower, indicating a potential gap for affordable rental units. The high median home value and median income levels suggest a robust market for investment properties, particularly those that cater to owner-occupiers. However, the low renter share implies that the demand for rental properties is limited, making it essential for landlords and small-portfolio investors to focus on quality and location to attract tenants.

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.