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Housing market/Rhode Island/ZIP 02879

ACS 2023 · FY2027 SAFMR

ZIP 02879 Wakefield, 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
22,628
Households
9,499
Median HH income
$115,848
Renter share
21.0%
Median gross rent
$1,281
Vacancy
20.6%
Pop. change
+10.3%
2BR SAFMR
$1,980
SAFMR / rent
1.546×
2–49 unit stock
1,155
LIHTC proj / units
3 / 174
HUD assisted MF
5 / 292

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 02879 · RI — sent to you.

ZIP 02879 · RI

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ACS rent vs 2BR SAFMR

ZIP 02879 — Wakefield, RI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,281
2BR SAFMR$1,980
90% floor$1,782
110% ceiling$2,178

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

Housing stock

ACS 2023 units-in-structure · ZCTA 02879

  • 1-unit detached9,49079.4%
  • 1-unit attached4944.1%
  • 2–4 units7286.1%
  • 5–49 units4273.6%
  • 50+ units5764.8%
  • Mobile2352.0%
TypeUnitsShare
1-unit detached9,49079.4%
1-unit attached4944.1%
2 units (duplex)3623.0%
3–4 units3663.1%
5–9 units3002.5%
10–19 units380.3%
20–49 units890.7%
50+ units5764.8%
Mobile2352.0%

2–4 unit share 6.1% · 5–49 unit share 3.6% · combined 2–49 9.7%.

Units by bedrooms

Studio
233
1BR
1,128
2BR
3,517
3BR
4,762
4BR
1,957
5+
362

Rent burden

Rent ≥30% of income39.1%
Rent ≥50% of income22.6%
  • ACS median gross rent $1,281 (all bedrooms, occupied rentals).
  • Median contract rent $1,143.
  • Renters paying ≥30% of income 39.1%; ≥50% 22.6%.
  • FY2027 2BR SAFMR $1,980 (1.546× ACS median gross rent).

Population

22,628 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +10.3%.

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

Assisted inventory

  • LIHTC: 3 projects, 174 units.
  • HUD project-based assisted MF: 5 properties, 292 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 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 02879 21.0% of occupied households are renters; vacancy is 20.6%; ACS median gross rent is $1,281; population increased +10.3% between the 2018 and 2023 ACS vintages; the housing stock includes 728 units in 2–4-unit structures and 427 units in 5–49-unit structures; 3 LIHTC projects totaling 174 units; FY2027 2BR SAFMR is $1,980 versus ACS median gross rent of $1,281. 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 02879 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 02879 — Wakefield, 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 02879?

ZIP 02879 (Providence-Fall River, RI-MA HUD Metro FMR Area) has 22,628 residents, 9,499 households, a renter share of 21.0%, median household income of $115,848, and ACS 2023 median gross rent of $1,281. Vacancy is 20.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02879?

ACS counts 362 units in 2-unit buildings, 366 in 3–4 unit buildings, 300 in 5–9, 38 in 10–19, and 89 in 20–49. Combined 2–49 unit stock is 1,155 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02879?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,980. See the full schedule and 90–110% payment-standard band on the ZIP 02879 — Wakefield, RI HUD Section 8 Payment Standards / SAFMR.

Does this Rhode Island ZIP profile include Georgia listings?

No. ZIP 02879 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.