FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 27235
1.33ratio
FMR$1,750
Market$1,320
vs market+$430
FMR is above market; underwrite to market rent.
1.33
2 BR
2 BR- 27235
1.23ratio
FMR$1,910
Market$1,550
vs market+$360
FMR is above market; underwrite to market rent.
1.23
3 BR
3 BR- 27235
1.29ratio
FMR$2,470
Market$1,920
vs market+$550
FMR is above market; underwrite to market rent.
1.29
4 BR
4 BR- 27235
1.29ratio
FMR$2,900
Market$2,250
vs market+$650
FMR is above market; underwrite to market rent.
1.29
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
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Mortgage rate
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Colfax, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Colfax, NC is $1,910 a month. That is up 0.5% from $1,900 in FY 2026. Colfax is in the Winston-Salem, 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 Colfax is 67% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Colfax, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,660
$1,680
+1.2%
$1,512–$1,848
1BR
$1,730
$1,750
+1.2%
$1,575–$1,925
2BR
$1,900
$1,910
+0.5%
$1,719–$2,101
3BR
$2,430
$2,470
+1.6%
$2,223–$2,717
4BR
$2,800
$2,900
+3.6%
$2,610–$3,190
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Colfax, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,680
$1,750
$1,910
$2,470
$2,900
FY 2026
$1,660
$1,730
$1,900
$2,430
$2,800
FY 2025
$1,040
$1,090
$1,240
$1,600
$1,850
FY 2024
$1,100
$1,130
$1,270
$1,620
$1,820
FY 2023
$1,040
$1,070
$1,210
$1,560
$1,750
Questions about Colfax, NC rents
How much will Section 8 pay for a two-bedroom in Colfax, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,910, that basic range is $1,719 to $2,101 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 Colfax, NC in?
Colfax, NC is in the Winston-Salem, 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 Colfax, NC for FY 2027?
The two-bedroom FMR rose 0.5%, from $1,900 in FY 2026 to $1,910 in FY 2027. Since FY 2023 it has risen 57.9%.
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