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Housing market/Rhode Island/ZIP 02816

ACS 2023 · FY2027 SAFMR

ZIP 02816 Coventry, 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
33,246
Households
13,667
Median HH income
$97,941
Renter share
20.2%
Median gross rent
$1,168
Vacancy
5.8%
Pop. change
+1.3%
2BR SAFMR
$1,820
SAFMR / rent
1.558×
2–49 unit stock
1,560
LIHTC proj / units
2 / 76
HUD assisted MF
2 / 241

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 02816 · RI — sent to you.

ZIP 02816 · RI

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ACS rent vs 2BR SAFMR

ZIP 02816 — Coventry, RI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,168
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 02816

  • 1-unit detached10,93175.4%
  • 1-unit attached2471.7%
  • 2–4 units9076.3%
  • 5–49 units6534.5%
  • 50+ units8726.0%
  • Mobile8956.2%
TypeUnitsShare
1-unit detached10,93175.4%
1-unit attached2471.7%
2 units (duplex)6184.3%
3–4 units2892.0%
5–9 units3562.5%
10–19 units2972.0%
20–49 units00.0%
50+ units8726.0%
Mobile8956.2%

2–4 unit share 6.3% · 5–49 unit share 4.5% · combined 2–49 10.8%.

Units by bedrooms

Studio
38
1BR
1,547
2BR
3,836
3BR
7,005
4BR
1,851
5+
228

Rent burden

Rent ≥30% of income49.5%
Rent ≥50% of income31.6%
  • ACS median gross rent $1,168 (all bedrooms, occupied rentals).
  • Median contract rent $1,081.
  • Renters paying ≥30% of income 49.5%; ≥50% 31.6%.
  • FY2027 2BR SAFMR $1,820 (1.558× ACS median gross rent).

Population

33,246 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.3%.

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

Assisted inventory

  • LIHTC: 2 projects, 76 units.
  • HUD project-based assisted MF: 2 properties, 241 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 30 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 02816 20.2% of occupied households are renters; vacancy is 5.8%; ACS median gross rent is $1,168; population increased +1.3% between the 2018 and 2023 ACS vintages; the housing stock includes 907 units in 2–4-unit structures and 653 units in 5–49-unit structures; 2 LIHTC projects totaling 76 units; FY2027 2BR SAFMR is $1,820 versus ACS median gross rent of $1,168. 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 02816 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 02816 — Coventry, 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 02816?

ZIP 02816 (Providence-Fall River, RI-MA HUD Metro FMR Area) has 33,246 residents, 13,667 households, a renter share of 20.2%, median household income of $97,941, and ACS 2023 median gross rent of $1,168. Vacancy is 5.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02816?

ACS counts 618 units in 2-unit buildings, 289 in 3–4 unit buildings, 356 in 5–9, 297 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 1,560 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02816?

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 02816 — Coventry, RI HUD Section 8 Payment Standards / SAFMR.

Does this Rhode Island ZIP profile include Georgia listings?

No. ZIP 02816 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.