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Housing market/Rhode Island/ZIP 02904

ACS 2023 · FY2027 SAFMR

ZIP 02904 Providence, 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
32,462
Households
13,635
Median HH income
$64,637
Renter share
48.7%
Median gross rent
$1,217
Vacancy
5.9%
Pop. change
+6.4%
2BR SAFMR
$1,910
SAFMR / rent
1.569×
2–49 unit stock
6,676
LIHTC proj / units
15 / 1,573
HUD assisted MF
19 / 1,617

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 02904 · RI — sent to you.

ZIP 02904 · RI

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ACS rent vs 2BR SAFMR

ZIP 02904 — Providence, RI HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,217
2BR SAFMR$1,910
90% floor$1,719
110% ceiling$2,101

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

Housing stock

ACS 2023 units-in-structure · ZCTA 02904

  • 1-unit detached5,19435.9%
  • 1-unit attached7405.1%
  • 2–4 units3,75125.9%
  • 5–49 units2,92520.2%
  • 50+ units1,87312.9%
TypeUnitsShare
1-unit detached5,19435.9%
1-unit attached7405.1%
2 units (duplex)1,99913.8%
3–4 units1,75212.1%
5–9 units8345.8%
10–19 units8776.1%
20–49 units1,2148.4%
50+ units1,87312.9%
Mobile00.0%

2–4 unit share 25.9% · 5–49 unit share 20.2% · combined 2–49 46.1%.

Units by bedrooms

Studio
656
1BR
3,117
2BR
5,050
3BR
4,376
4BR
852
5+
432

Rent burden

Rent ≥30% of income44.6%
Rent ≥50% of income18.1%
  • ACS median gross rent $1,217 (all bedrooms, occupied rentals).
  • Median contract rent $1,066.
  • Renters paying ≥30% of income 44.6%; ≥50% 18.1%.
  • FY2027 2BR SAFMR $1,910 (1.569× ACS median gross rent).

Population

32,462 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +6.4%.

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

Assisted inventory

  • LIHTC: 15 projects, 1,573 units.
  • HUD project-based assisted MF: 19 properties, 1,617 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 02904 48.7% of occupied households are renters; vacancy is 5.9%; ACS median gross rent is $1,217; population increased +6.4% between the 2018 and 2023 ACS vintages; the housing stock includes 3,751 units in 2–4-unit structures and 2,925 units in 5–49-unit structures; 15 LIHTC projects totaling 1,573 units; FY2027 2BR SAFMR is $1,910 versus ACS median gross rent of $1,217. 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 02904 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 02904 — Providence, 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 02904?

ZIP 02904 (Providence-Fall River, RI-MA HUD Metro FMR Area) has 32,462 residents, 13,635 households, a renter share of 48.7%, median household income of $64,637, and ACS 2023 median gross rent of $1,217. Vacancy is 5.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 02904?

ACS counts 1,999 units in 2-unit buildings, 1,752 in 3–4 unit buildings, 834 in 5–9, 877 in 10–19, and 1,214 in 20–49. Combined 2–49 unit stock is 6,676 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 02904?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,910. See the full schedule and 90–110% payment-standard band on the ZIP 02904 — Providence, RI HUD Section 8 Payment Standards / SAFMR.

Does this Rhode Island ZIP profile include Georgia listings?

No. ZIP 02904 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.