FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 28023
0.89ratio
FMR$970
Market$1,090
vs market-$120
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 28023
0.88ratio
FMR$1,210
Market$1,370
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 28023
0.86ratio
FMR$1,540
Market$1,800
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR- 28023
1.02ratio
FMR$2,020
Market$1,980
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
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
--
China Grove, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in China Grove, NC is $1,210 a month. That is up 4.3% from $1,160 in FY 2026. China Grove is in the Rowan 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 $1,262. The median county two-bedroom FMR in North Carolina is $1,145, so China Grove is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for China Grove, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$950
+1.1%
$855–$1,045
1BR
$950
$970
+2.1%
$873–$1,067
2BR
$1,160
$1,210
+4.3%
$1,089–$1,331
3BR
$1,530
$1,540
+0.7%
$1,386–$1,694
4BR
$1,950
$2,020
+3.6%
$1,818–$2,222
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for China Grove, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$970
$1,210
$1,540
$2,020
FY 2026
$940
$950
$1,160
$1,530
$1,950
FY 2025
$1,030
$1,040
$1,270
$1,670
$2,130
FY 2024
$930
$940
$1,130
$1,490
$1,720
FY 2023
$830
$840
$1,020
$1,320
$1,440
Questions about China Grove, NC rents
How much will Section 8 pay for a two-bedroom in China Grove, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,262, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,136 to $1,388 a month; under the ZIP-level Small Area FMR of $1,210 it would be $1,089 to $1,331. 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 China Grove, NC in?
China Grove, NC is in the Rowan County, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,262.
How much did fair market rent change in China Grove, NC for FY 2027?
The two-bedroom FMR rose 4.3%, from $1,160 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 18.6%.
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