FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 27202
0.71ratio
FMR$1,120
Market$1,570
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.71
2 BR
2 BR- 27202
0.82ratio
FMR$1,230
Market$1,500
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 27202
0.85ratio
FMR$1,520
Market$1,780
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 27202
1.01ratio
FMR$1,910
Market$1,890
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Altamahaw, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Altamahaw, NC is $1,230 a month. That is down 0.8% from $1,240 in FY 2026. Altamahaw is in the Burlington, NC MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,348. The median county two-bedroom FMR in North Carolina is $1,145, so Altamahaw is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Altamahaw, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$980
+6.5%
$882–$1,078
1BR
$1,120
$1,120
0.0%
$1,008–$1,232
2BR
$1,240
$1,230
−0.8%
$1,107–$1,353
3BR
$1,540
$1,520
−1.3%
$1,368–$1,672
4BR
$1,810
$1,910
+5.5%
$1,719–$2,101
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Altamahaw, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$1,120
$1,230
$1,520
$1,910
FY 2026
$920
$1,120
$1,240
$1,540
$1,810
FY 2025
$860
$1,070
$1,180
$1,500
$1,750
FY 2024
$830
$1,050
$1,220
$1,530
$1,720
FY 2023
$710
$830
$1,020
$1,280
$1,390
Questions about Altamahaw, NC rents
How much will Section 8 pay for a two-bedroom in Altamahaw, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,348, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,213 to $1,483 a month; under the ZIP-level Small Area FMR of $1,230 it would be $1,107 to $1,353. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Altamahaw, NC in?
Altamahaw, NC is in the Burlington, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,348.
How much did fair market rent change in Altamahaw, NC for FY 2027?
The two-bedroom FMR fell 0.8%, from $1,240 in FY 2026 to $1,230 in FY 2027. Since FY 2023 it has risen 20.6%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set