Housing market/Rhode Island/ZIP 02842
ZIP 02842 Middletown, Rhode Island
Newport-Middleton-Portsmouth, RI HUD Metro FMR Area · Rhode Island. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 02842 · RI — sent to you.
ZIP 02842 · RI
ACS rent vs 2BR SAFMR
ZIP 02842 — Middletown, RI HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 02842
- 1-unit detached4,75957.6%
- 1-unit attached6738.2%
- 2–4 units1,51818.4%
- 5–49 units7709.3%
- 50+ units2463.0%
- Mobile2893.5%
2–4 unit share 18.4% · 5–49 unit share 9.3% · combined 2–49 27.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,906 (all bedrooms, occupied rentals).
- Median contract rent $1,770.
- Renters paying ≥30% of income 46.1%; ≥50% 24.5%.
- FY2027 2BR SAFMR $2,590 (1.359× ACS median gross rent).
Population
16,920 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +5.8%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 50 units.
- HUD project-based assisted MF: 5 properties, 200 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 51 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 02842 41.3% of occupied households are renters; vacancy is 12.3%; ACS median gross rent is $1,906; population increased +5.8% between the 2018 and 2023 ACS vintages; the housing stock includes 1,518 units in 2–4-unit structures and 770 units in 5–49-unit structures; 1 LIHTC projects totaling 50 units; FY2027 2BR SAFMR is $2,590 versus ACS median gross rent of $1,906. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Rhode Island research
ZIP 02842 is a Census / HUD profile for Newport-Middleton-Portsmouth, RI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 02842 — Middletown, RI HUD Section 8 Payment Standards / SAFMR·Rhode Island ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Rhode Island research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 02842?
ZIP 02842 (Newport-Middleton-Portsmouth, RI HUD Metro FMR Area) has 16,920 residents, 7,237 households, a renter share of 41.3%, median household income of $97,650, and ACS 2023 median gross rent of $1,906. Vacancy is 12.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 02842?
ACS counts 886 units in 2-unit buildings, 632 in 3–4 unit buildings, 54 in 5–9, 433 in 10–19, and 283 in 20–49. Combined 2–49 unit stock is 2,288 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 02842?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,590. See the full schedule and 90–110% payment-standard band on the ZIP 02842 — Middletown, RI HUD Section 8 Payment Standards / SAFMR.
Does this Rhode Island ZIP profile include Georgia listings?
No. ZIP 02842 is Census / HUD research for Newport-Middleton-Portsmouth, RI HUD Metro FMR Area. Jeff Crowe CRE does not list Rhode Island property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.