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NC/Mecklenburg County/Charlotte

Charlotte, NC

CitySAFMR
Mecklenburg County
Found 57 ZIPs
Zillow

City Median Investment Score

32Below average

095130300
BRFMR
Eff. Rent
0 BR$1,320 – $2,360$990 – $1,890
1 BR$1,380 – $2,460$970 – $2,480
2 BR$1,500 – $2,680$1,400 – $2,950
3 BR$1,830 – $3,270$1,760 – $3,600
4 BR$2,330 – $4,160$1,880 – $4,580
5 BR$3,381Not available
6 BR$3,888Not available
7 BR$4,471Not available
8 BR$5,142Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
23
0.87-1.73
1 BR
22
0.72-1.81
2 BR
24
0.67-1.39
3 BR
27
0.68-1.52
4 BR
30
0.64-1.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Charlotte, NC fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 57 ZIP codes in Charlotte, NC ranges from $1,500 to $2,680 a month, with a median of $1,890. That is up 5.6% from $1,790 in FY 2026. Charlotte is in the Charlotte-Concord-Gastonia, NC-SC 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 Charlotte is 65% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Charlotte, NC
BedroomsFY 2027Change90–110% range
Studio$1,670+7.1%$1,503–$1,837
1BR$1,740+6.7%$1,566–$1,914
2BR$1,890+5.6%$1,701–$2,079
3BR$2,310+5.0%$2,079–$2,541
4BR$2,940+5.0%$2,646–$3,234

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Charlotte, NC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,670$1,740$1,890$2,310$2,940
FY 2026$1,560$1,630$1,790$2,200$2,800
FY 2025$1,690$1,750$1,940$2,390$3,030
FY 2024$1,430$1,470$1,650$2,060$2,630
FY 2023$1,230$1,260$1,420$1,800$2,330

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
28202$2,680+41.8%
28203$2,680+41.8%
28204$2,380+25.9%
28277$2,340+23.8%
28273$2,200+16.4%
28278$2,120+12.2%
28211$2,090+10.6%
28270$2,080+10.1%
28262$2,060+9.0%
28269$2,060+9.0%
28217$2,030+7.4%
28207$1,960+3.7%
28274$1,960+3.7%
28210$1,940+2.6%
28214$1,940+2.6%
28209$1,930+2.1%
28223$1,920+1.6%
28215$1,910+1.1%
28219$1,8900.0%
28220$1,8900.0%
28221$1,8900.0%
28222$1,8900.0%
28224$1,8900.0%
28228$1,8900.0%

Showing the 24 highest of 56 ZIP codes.

Questions about Charlotte, NC rents

How much will Section 8 pay for a two-bedroom in Charlotte, NC?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,890, that basic range is $1,701 to $2,079 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 Charlotte, NC in?

Charlotte, NC is in the Charlotte-Concord-Gastonia, NC-SC 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 Charlotte, NC for FY 2027?

The two-bedroom FMR rose 5.6%, from $1,790 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 33.1%.

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

County fair market rentNC statewide rentsWhat is SAFMR?Data sources