FMR is below market; voucher rent may lag private rents.
0.54
1 BR
1 BR- 27807
0.54ratio
FMR$940
Market$1,750
vs market-$810
FMR is below market; voucher rent may lag private rents.
0.54
2 BR
2 BR- 27807
0.59ratio
FMR$1,130
Market$1,910
vs market-$780
FMR is below market; voucher rent may lag private rents.
0.59
3 BR
3 BR- 27807
0.70ratio
FMR$1,520
Market$2,170
vs market-$650
FMR is below market; voucher rent may lag private rents.
0.70
4 BR
4 BR- 27807
0.79ratio
FMR$1,740
Market$2,210
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.79
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
--
Bailey, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bailey, NC is $1,130 a month. That is up 2.7% from $1,100 in FY 2026. Bailey is in the Rocky Mount, 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 $1,167. The median county two-bedroom FMR in North Carolina is $1,145, so Bailey is 1% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bailey, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$940
+6.8%
$846–$1,034
1BR
$880
$940
+6.8%
$846–$1,034
2BR
$1,100
$1,130
+2.7%
$1,017–$1,243
3BR
$1,490
$1,520
+2.0%
$1,368–$1,672
4BR
$1,740
$1,740
0.0%
$1,566–$1,914
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bailey, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$940
$1,130
$1,520
$1,740
FY 2026
$880
$880
$1,100
$1,490
$1,740
FY 2025
$810
$810
$1,010
$1,380
$1,600
FY 2024
$770
$780
$970
$1,310
$1,480
FY 2023
$670
$680
$840
$1,140
$1,250
Questions about Bailey, NC rents
How much will Section 8 pay for a two-bedroom in Bailey, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,167, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,050 to $1,284 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 Bailey, NC in?
Bailey, NC is in the Rocky Mount, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,167.
How much did fair market rent change in Bailey, NC for FY 2027?
The two-bedroom FMR rose 2.7%, from $1,100 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 34.5%.
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