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 | $1,680 |
| 1 Bedroom | $1,780 |
| 2 Bedrooms | $2,220 |
| 3 Bedrooms | $2,720 |
| 4 Bedrooms | $3,090 |
| 5 Bedrooms | $3,584 |
| 6 Bedrooms | $4,014 |
| 7 Bedrooms | $4,335 |
| 8 Bedrooms | $4,552 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,220 | $270,312 | 0.82% | C |
| 3BR | $2,720 | $536,941 | 0.51% | F |
| 4BR | $3,090 | $558,424 | 0.55% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 02839, Burrillville, RI, is poised for a nuanced period ahead, marked by stability in home values and potential shifts in rental dynamics. The median home value currently stands at $498,069, indicating a robust residential market that has weathered recent economic challenges well. With no available percentage of listings that have been reduced, it suggests that sellers are maintaining their asking prices, reflecting confidence in the local economy and housing demand.
The lack of data on the median days on market (DOM) can be interpreted as a sign of consistent sales activity, where homes are typically selling within a reasonable timeframe. This, combined with the stable median home value, points towards a balanced market where neither buyers nor sellers hold significant advantage. Landlords and small-portfolio investors should anticipate a steady environment for property appreciation, rather than explosive growth.
On the rental side, the Fair Market Rent (FMR) for ZIP 02839 in fiscal year 2024 is set at $2030. While the exact comparison to the current market rent is unavailable, this figure serves as a benchmark for rental pricing. It suggests that rental properties are likely to remain competitive, with potential for slight increases in rent if the broader economic conditions support higher living costs.
For long-term investors, the setup implies a realistic appreciation thesis based on gradual economic growth and inflationary pressures. Properties in ZIP 02839 are unlikely to experience rapid appreciation, but they will likely retain their value and provide a reliable income stream through rentals. The stability in home values and the modest rental growth forecast indicate a safe haven for those looking to invest in a region with low risk and moderate returns.
To summarize, the median home value of $498,069 and the absence of reduced listings and high DOM suggest a market that is resilient and maintains its pricing power. Rental dynamics, with the FMR at $2030, point to a steady income potential for landlords. Long-term investors can expect a conservative appreciation scenario, making ZIP 02839 an attractive option for those seeking stability and reliability in their real estate investments.
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.