FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 27509
0.94ratio
FMR$1,260
Market$1,340
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 27509
0.94ratio
FMR$1,370
Market$1,450
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 27509
0.98ratio
FMR$1,650
Market$1,680
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 27509
1.14ratio
FMR$2,070
Market$1,820
vs market+$250
FMR is above market; underwrite to market rent.
1.14
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
--
Butner, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Butner, NC is $1,370 a month. That is up 4.6% from $1,310 in FY 2026. Butner is in the Granville County, NC non-metropolitan 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 county-wide two-bedroom FMR of $1,213. The median county two-bedroom FMR in North Carolina is $1,145, so Butner is 20% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Butner, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,170
+4.5%
$1,053–$1,287
1BR
$1,190
$1,260
+5.9%
$1,134–$1,386
2BR
$1,310
$1,370
+4.6%
$1,233–$1,507
3BR
$1,710
$1,650
−3.5%
$1,485–$1,815
4BR
$1,860
$2,070
+11.3%
$1,863–$2,277
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Butner, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,260
$1,370
$1,650
$2,070
FY 2026
$1,120
$1,190
$1,310
$1,710
$1,860
FY 2025
$1,240
$1,310
$1,450
$1,900
$2,050
FY 2024
$1,080
$1,110
$1,250
$1,690
$1,860
FY 2023
$920
$930
$1,080
$1,410
$1,660
Questions about Butner, NC rents
How much will Section 8 pay for a two-bedroom in Butner, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,213, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,092 to $1,334 a month; under the ZIP-level Small Area FMR of $1,370 it would be $1,233 to $1,507. 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 Butner, NC in?
Butner, NC is in the Granville County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,213.
How much did fair market rent change in Butner, NC for FY 2027?
The two-bedroom FMR rose 4.6%, from $1,310 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 26.9%.
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