FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 28010
0.82ratio
FMR$1,310
Market$1,600
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 28010
0.89ratio
FMR$1,430
Market$1,610
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR- 28010
1.10ratio
FMR$1,900
Market$1,730
vs market+$170
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR- 28010
1.17ratio
FMR$2,390
Market$2,040
vs market+$350
FMR is above market; underwrite to market rent.
1.17
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
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Barium Springs, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Barium Springs, NC is $1,430 a month. That is up 6.7% from $1,340 in FY 2026. Barium Springs is in the Iredell County, NC HUD Metro FMR Area. 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 $1,429. The median county two-bedroom FMR in North Carolina is $1,145, so Barium Springs is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Barium Springs, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,260
+7.7%
$1,134–$1,386
1BR
$1,220
$1,310
+7.4%
$1,179–$1,441
2BR
$1,340
$1,430
+6.7%
$1,287–$1,573
3BR
$1,810
$1,900
+5.0%
$1,710–$2,090
4BR
$2,250
$2,390
+6.2%
$2,151–$2,629
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Barium Springs, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,310
$1,430
$1,900
$2,390
FY 2026
$1,170
$1,220
$1,340
$1,810
$2,250
FY 2025
$1,210
$1,260
$1,390
$1,910
$2,330
FY 2024
$1,050
$1,080
$1,210
$1,660
$2,050
FY 2023
$890
$910
$1,030
$1,390
$1,750
Questions about Barium Springs, NC rents
How much will Section 8 pay for a two-bedroom in Barium Springs, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,429, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,286 to $1,572 a month; under the ZIP-level Small Area FMR of $1,430 it would be $1,287 to $1,573. 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 Barium Springs, NC in?
Barium Springs, NC is in the Iredell County, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,429.
How much did fair market rent change in Barium Springs, NC for FY 2027?
The two-bedroom FMR rose 6.7%, from $1,340 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 38.8%.
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