Logo Newport-Middleton-Portsmouth Fair Market Rent FY 2021 Newport-Middleton-Portsmouth, RI HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Newport-Middleton-Portsmouth, RI :
$1,027 $1,157 $1,502 $2,122 $2,601
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 $1,502 per month.

The previous year, rent for a two-bedroom home was $1,419 per month. This is a 5.85% 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 0 people based on 2000 Census data.

Compared to the rest of Rhode Island, the Newport-Middleton-Portsmouth FMR area is more expensive than 75% of the state.

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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 $ 1105
1-BR 1-Bedroom $ 1245
2-BR 2-Bedroom $ 1616
3-BR 3-Bedroom $ 2283
4-BR 4-Bedroom $ 2798
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
Middletown town, RI Metro 0
Newport city, RI Metro 0
Portsmouth town, RI Metro 0
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

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