The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

North Smithfield, RI 02896's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 02896 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,215 to a high of $1,485, with an average of $1,350.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,314, a maximum of $1,606, and an average of $1,460.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,593, peaking at a maximum of $1,947, and averaging at $1,770.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,926, a maximum of $2,354, and an average of $2,140.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,385 to a maximum of $2,915, with an average of $2,650.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 North Smithfield, RI 2896 Low Rent (90%) $1,215 $1,314 $1,593 $1,926 $2,385
Average Rent $1,350 $1,460 $1,770 $2,140 $2,650
High Rent(110%) $1,485 $1,606 $1,947 $2,354 $2,915
2023 North Smithfield, RI 2896 Low Rent (90%) $1,071 $1,170 $1,413 $1,719 $2,124
Average Rent $1,190 $1,300 $1,570 $1,910 $2,360
High Rent (110%) $1,309 $1,430 $1,727 $2,101 $2,596
2022 North Smithfield, RI 2896 Low Rent (90%) $936 $1,044 $1,260 $1,557 $1,908
Average Rent $1,040 $1,160 $1,400 $1,730 $2,120
High Rent(110%) $1,144 $1,276 $1,540 $1,903 $2,332
2021 North Smithfield, RI 2896 Low Rent (90%) $882 $999 $1,197 $1,485 $1,791
Average Rent $980 $1,110 $1,330 $1,650 $1,990
High Rent (110%) $1,078 $1,221 $1,463 $1,815 $2,189
2020 North Smithfield, RI 2896 Low Rent (90%) $828 $936 $1,125 $1,404 $1,665
Average Rent $920 $1,040 $1,250 $1,560 $1,850
High Rent(110%) $1,012 $1,144 $1,375 $1,716 $2,035
2019 North Smithfield, RI 2896 Low Rent (90%) $828 $936 $1,116 $1,395 $1,647
Average Rent $920 $1,040 $1,240 $1,550 $1,830
High Rent (110%) $1,012 $1,144 $1,364 $1,705 $2,013


Discover Section 8 FMR by zip code