FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 28016
0.88ratio
FMR$980
Market$1,110
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 28016
0.81ratio
FMR$1,070
Market$1,320
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.81
3 BR
3 BR- 28016
0.76ratio
FMR$1,310
Market$1,730
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR- 28016
0.83ratio
FMR$1,660
Market$1,990
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.83
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
--
Bessemer City, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bessemer City, NC is $1,070 a month. That is up 0.9% from $1,060 in FY 2026. Bessemer City is in the Lincoln County, NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in North Carolina is $1,145, so Bessemer City is 7% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bessemer City, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$940
+2.2%
$846–$1,034
1BR
$960
$980
+2.1%
$882–$1,078
2BR
$1,060
$1,070
+0.9%
$963–$1,177
3BR
$1,300
$1,310
+0.8%
$1,179–$1,441
4BR
$1,650
$1,660
+0.6%
$1,494–$1,826
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bessemer City, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$980
$1,070
$1,310
$1,660
FY 2026
$920
$960
$1,060
$1,300
$1,650
FY 2025
$1,020
$1,060
$1,170
$1,440
$1,830
FY 2024
$890
$920
$1,030
$1,280
$1,640
FY 2023
$790
$810
$910
$1,150
$1,490
Questions about Bessemer City, NC rents
How much will Section 8 pay for a two-bedroom in Bessemer City, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,070, that basic range is $963 to $1,177 a month. 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 Bessemer City, NC in?
Bessemer City, NC is in the Lincoln County, NC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Bessemer City, NC for FY 2027?
The two-bedroom FMR rose 0.9%, from $1,060 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 17.6%.
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