RentData.org

RentData.org Logo Newport-Middleton-Portsmouth Fair Market Rent FY 2008 Newport-Middleton-Portsmouth, RI HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Newport-Middleton-Portsmouth, RI :
$774 $945 $1,168 $1,586 $2,050
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Newport-Middleton-Portsmouth are very high compared to the national average. This FMR area is more expensive than 98% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Newport-Middleton-Portsmouth is $1,168 per month.

The previous year, rent for a two-bedroom home was $987 per month. This is a 18.34% increase year-over-year.

This FMR rate applies to Adamsville, RI, Prudence Island, RI, Little Compton, RI, Jamestown, RI, Middletown, RI, Tiverton, RI, Portsmouth, RI, Newport, RI and other cities within the region. The Metro Code or CBSA code for this region is METRO39300N44005.

Additionally, This Fair Market Rent (FMR) area Newport-Middleton-Portsmouth, RI HUD Metro FMR Area spans three counties or cities in Rhode Island which ares listed in the table below. Estimated population of Newport-Middleton-Portsmouth, RI HUD Metro FMR Area FMR area is 60,958 people based on latest Census data.

Compared to the rest of Rhode Island, the Newport-Middleton-Portsmouth FMR area is more expensive than 100% of the state.

Rhode Island Rents Map

Click on the map to view more another region.

See Nationwide Map

What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Newport-Middleton-Portsmouth. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Newport-Middleton-Portsmouth

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 829
1-BR 1-Bedroom $ 1008
2-BR 2-Bedroom $ 1277
3-BR 3-Bedroom $ 1808
4-BR 4-Bedroom $ 2240
Change Year:

The counties, cities, towns, and regions listed below fall into the Newport-Middleton-Portsmouth, RI HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Providence - New Bedford.

County / Region Est. Population
Portsmouth town, RI Metro 17,149
Newport city, RI Metro 26,475
Middletown town, RI Metro 17,334
Zip Codes in Newport-Middleton-Portsmouth, RI HUD Metro FMR Area

There are 9 unique zip codes in this Fair Market Rent (FMR) area:

02801, 02835, 02837, 02840, 02841, 02842, 02871, 02872 and 02878

Lookup Fair Market Rent by Zip Code
Top