FY2026 Fair Market Rents — Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio
$1,353
1BR
$1,362
2BR
$1,721
3BR
$2,146
4BR
$2,326
Hours/week at min wage
89 hrs
to afford the 2BR FMR @ $15.00/hr (RI)
National rank
#126
of 661 U.S. metros (top 20% most expensive)
YoY change (2BR)
+9.2%
+$145 vs FY2025 · 5-yr +46.3%
Voucher payment standard
$1,549–$1,893
PHAs set HCV payment at 90–110% of the 2BR FMR

Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area

Metropolitan area · RI · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $1,353 $16,236
1-Bedroom $1,362 $16,344
2-Bedroom $1,721 $20,652
3-Bedroom $2,146 $25,752
4-Bedroom $2,326 $27,912

Recent 2-Bedroom FMR Trend

FY2020 $1,154 → FY2026 $1,721
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $1,353 $1,362 $1,721 $2,146 $2,326
FY2025 $1,284 $1,292 $1,576 $1,970 $2,459
FY2024 $1,332 $1,340 $1,610 $2,059 $2,732
FY2023 $1,179 $1,186 $1,416 $1,855 $2,412
FY2022 $1,043 $1,049 $1,259 $1,712 $2,155
FY2021 $927 $933 $1,176 $1,645 $1,836
FY2020 $843 $876 $1,154 $1,616 $1,622

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $129,000

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $27,100 $31,000 $34,850 $38,700 $41,800 $44,900
50% AMI (Very Low) $45,150 $51,600 $58,050 $64,500 $69,700 $74,850
80% AMI (Low) $72,250 $82,600 $92,900 $103,200 $111,500 $119,750

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$20,652/yr
FMR as % of Area Median Income
16% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$68,840/yr
$5,737/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band Studio 1BR 2BR 3BR 4BR
50% AMI Maximum $1,128 $1,290 $1,451 $1,741 $1,870
60% AMI Maximum $1,354 $1,548 $1,741 $2,089 $2,244

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $1,353 $1,362 $1,721 $2,096 $2,096
Low HOME Rent $1,128 $1,290 $1,451 $1,612 $1,742

Compare Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area With Other RI Metros

vs. Newport-Middleton-Portsmouth, RI HUD Metro FMR Area

Counties in This FMR Area

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