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Housing market/Rhode Island/ZIP 02916

ACS 2023 · FY2027 SAFMR

ZIP 02916 Rumford, Rhode Island

Providence-Fall River, RI-MA 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.

Population
8,725
Households
3,787
Median HH income
$96,293
Renter share
27.4%
Median gross rent
$1,267
Vacancy
3.9%
Pop. change
-3.9%
2BR SAFMR
$1,820
SAFMR / rent
1.436×
2–49 unit stock
966
LIHTC proj / units
—
HUD assisted MF
1 / 294

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 02916 · RI — sent to you.

ZIP 02916 · RI

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ACS rent vs 2BR SAFMR

ZIP 02916 — Rumford, RI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,267
2BR SAFMR$1,820
90% floor$1,638
110% ceiling$2,002

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 02916

  • 1-unit detached2,41361.2%
  • 1-unit attached2265.7%
  • 2–4 units49612.6%
  • 5–49 units47011.9%
  • 50+ units2205.6%
  • Mobile1162.9%
TypeUnitsShare
1-unit detached2,41361.2%
1-unit attached2265.7%
2 units (duplex)3579.1%
3–4 units1393.5%
5–9 units1243.1%
10–19 units501.3%
20–49 units2967.5%
50+ units2205.6%
Mobile1162.9%

2–4 unit share 12.6% · 5–49 unit share 11.9% · combined 2–49 24.5%.

Units by bedrooms

Studio
186
1BR
407
2BR
1,068
3BR
1,719
4BR
441
5+
120

Rent burden

Rent ≥30% of income48.3%
Rent ≥50% of income13.3%
  • ACS median gross rent $1,267 (all bedrooms, occupied rentals).
  • Median contract rent $1,070.
  • Renters paying ≥30% of income 48.3%; ≥50% 13.3%.
  • FY2027 2BR SAFMR $1,820 (1.436× ACS median gross rent).

Population

8,725 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -3.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: 1 properties, 294 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 438 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 02916 27.4% of occupied households are renters; vacancy is 3.9%; ACS median gross rent is $1,267; population changed -3.9% between the 2018 and 2023 ACS vintages; the housing stock includes 496 units in 2–4-unit structures and 470 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,820 versus ACS median gross rent of $1,267. 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 02916 is a Census / HUD profile for Providence-Fall River, RI-MA, RI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 02916 — Rumford, RI HUD Section 8 Payment Standards / SAFMR·Rhode Island ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
02703Providence-Fall River, RI-MA HUD Metro FMR Area33.9%$1,446$2,14002720Providence-Fall River, RI-MA HUD Metro FMR Area60.3%$1,177$1,80002721Providence-Fall River, RI-MA HUD Metro FMR Area65.3%$1,010$1,56002722Providence-Fall River, RI-MA HUD Metro FMR Area——$1,80002723Providence-Fall River, RI-MA HUD Metro FMR Area67.6%$1,058$1,66002724Providence-Fall River, RI-MA HUD Metro FMR Area66.0%$1,105$1,69002725Providence-Fall River, RI-MA HUD Metro FMR Area1.5%—$1,79002726Providence-Fall River, RI-MA HUD Metro FMR Area17.3%$1,316$1,89002760Providence-Fall River, RI-MA HUD Metro FMR Area28.7%$1,386$2,65002761Providence-Fall River, RI-MA HUD Metro FMR Area——$1,80002763Providence-Fall River, RI-MA HUD Metro FMR Area30.6%$1,692$2,00002769Providence-Fall River, RI-MA HUD Metro FMR Area9.3%$1,304$1,660

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 02916?

ZIP 02916 (Providence-Fall River, RI-MA HUD Metro FMR Area) has 8,725 residents, 3,787 households, a renter share of 27.4%, median household income of $96,293, and ACS 2023 median gross rent of $1,267. Vacancy is 3.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02916?

ACS counts 357 units in 2-unit buildings, 139 in 3–4 unit buildings, 124 in 5–9, 50 in 10–19, and 296 in 20–49. Combined 2–49 unit stock is 966 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02916?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,820. See the full schedule and 90–110% payment-standard band on the ZIP 02916 — Rumford, RI HUD Section 8 Payment Standards / SAFMR.

Does this Rhode Island ZIP profile include Georgia listings?

No. ZIP 02916 is Census / HUD research for Providence-Fall River, RI-MA 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.