JeffCroweCRE

Housing market/Rhode Island/ZIP 02896

ACS 2023 · FY2027 SAFMR

ZIP 02896 North Smithfield, 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
11,683
Households
4,525
Median HH income
$109,436
Renter share
19.0%
Median gross rent
$1,282
Vacancy
4.9%
Pop. change
-3.1%
2BR SAFMR
$1,740
SAFMR / rent
1.357×
2–49 unit stock
771
LIHTC proj / units
5 / 333
HUD assisted MF
2 / 113

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 02896 · RI — sent to you.

ZIP 02896 · RI

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 02896 — North Smithfield, RI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,282
2BR SAFMR$1,740
90% floor$1,566
110% ceiling$1,914

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

Housing stock

ACS 2023 units-in-structure · ZCTA 02896

  • 1-unit detached3,47573.0%
  • 1-unit attached1904.0%
  • 2–4 units48210.1%
  • 5–49 units2896.1%
  • 50+ units3236.8%
TypeUnitsShare
1-unit detached3,47573.0%
1-unit attached1904.0%
2 units (duplex)3437.2%
3–4 units1392.9%
5–9 units1262.6%
10–19 units1372.9%
20–49 units260.5%
50+ units3236.8%
Mobile00.0%

2–4 unit share 10.1% · 5–49 unit share 6.1% · combined 2–49 16.2%.

Units by bedrooms

Studio
110
1BR
402
2BR
1,305
3BR
1,985
4BR
772
5+
185

Rent burden

Rent ≥30% of income33.3%
Rent ≥50% of income6.4%
  • ACS median gross rent $1,282 (all bedrooms, occupied rentals).
  • Median contract rent $996.
  • Renters paying ≥30% of income 33.3%; ≥50% 6.4%.
  • FY2027 2BR SAFMR $1,740 (1.357× ACS median gross rent).

Population

11,683 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -3.1%.

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

Assisted inventory

  • LIHTC: 5 projects, 333 units.
  • HUD project-based assisted MF: 2 properties, 113 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 02896 19.0% of occupied households are renters; vacancy is 4.9%; ACS median gross rent is $1,282; population changed -3.1% between the 2018 and 2023 ACS vintages; the housing stock includes 482 units in 2–4-unit structures and 289 units in 5–49-unit structures; 5 LIHTC projects totaling 333 units; FY2027 2BR SAFMR is $1,740 versus ACS median gross rent of $1,282. 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 02896 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 02896 — North Smithfield, 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 02896?

ZIP 02896 (Providence-Fall River, RI-MA HUD Metro FMR Area) has 11,683 residents, 4,525 households, a renter share of 19.0%, median household income of $109,436, and ACS 2023 median gross rent of $1,282. Vacancy is 4.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02896?

ACS counts 343 units in 2-unit buildings, 139 in 3–4 unit buildings, 126 in 5–9, 137 in 10–19, and 26 in 20–49. Combined 2–49 unit stock is 771 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02896?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,740. See the full schedule and 90–110% payment-standard band on the ZIP 02896 — North Smithfield, RI HUD Section 8 Payment Standards / SAFMR.

Does this Rhode Island ZIP profile include Georgia listings?

No. ZIP 02896 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.