FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR- 28612
0.94ratio
FMR$950
Market$1,010
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 28612
0.97ratio
FMR$1,130
Market$1,170
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR- 28612
1.14ratio
FMR$1,380
Market$1,210
vs market+$170
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 28612
1.40ratio
FMR$1,680
Market$1,200
vs market+$480
FMR is above market; underwrite to market rent.
1.40
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
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Connelly Springs, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Connelly Springs, NC is $1,130 a month. That is up 4.6% from $1,080 in FY 2026. Connelly Springs is in the Hickory-Lenoir-Morganton, NC MSA. 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 $1,147. The median county two-bedroom FMR in North Carolina is $1,145, so Connelly Springs is 1% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Connelly Springs, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$950
+11.8%
$855–$1,045
1BR
$900
$950
+5.6%
$855–$1,045
2BR
$1,080
$1,130
+4.6%
$1,017–$1,243
3BR
$1,350
$1,380
+2.2%
$1,242–$1,518
4BR
$1,640
$1,680
+2.4%
$1,512–$1,848
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Connelly Springs, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$950
$1,130
$1,380
$1,680
FY 2026
$850
$900
$1,080
$1,350
$1,640
FY 2025
$800
$830
$1,020
$1,300
$1,530
FY 2024
$760
$780
$950
$1,230
$1,410
FY 2023
$630
$630
$770
$1,010
$1,150
Questions about Connelly Springs, NC rents
How much will Section 8 pay for a two-bedroom in Connelly Springs, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,147, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,032 to $1,262 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 Connelly Springs, NC in?
Connelly Springs, NC is in the Hickory-Lenoir-Morganton, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,147.
How much did fair market rent change in Connelly Springs, NC for FY 2027?
The two-bedroom FMR rose 4.6%, from $1,080 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 46.8%.
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