FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 28037
0.81ratio
FMR$1,200
Market$1,490
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 28037
0.80ratio
FMR$1,320
Market$1,640
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR- 28037
0.91ratio
FMR$1,800
Market$1,970
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 28037
0.91ratio
FMR$2,180
Market$2,400
vs market-$220
FMR is near market; voucher and private rents are aligned.
0.91
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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Denver, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Denver, NC is $1,320 a month. That is up 5.6% from $1,250 in FY 2026. Denver 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 Denver is 15% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Denver, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,080
$1,160
+7.4%
$1,044–$1,276
1BR
$1,130
$1,200
+6.2%
$1,080–$1,320
2BR
$1,250
$1,320
+5.6%
$1,188–$1,452
3BR
$1,720
$1,800
+4.7%
$1,620–$1,980
4BR
$2,080
$2,180
+4.8%
$1,962–$2,398
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Denver, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,160
$1,200
$1,320
$1,800
$2,180
FY 2026
$1,080
$1,130
$1,250
$1,720
$2,080
FY 2025
$1,130
$1,170
$1,310
$1,800
$1,940
FY 2024
$1,060
$1,090
$1,230
$1,620
$1,660
FY 2023
$880
$880
$1,030
$1,340
$1,400
Questions about Denver, NC rents
How much will Section 8 pay for a two-bedroom in Denver, 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 $1,320 it would be $1,188 to $1,452. 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 Denver, NC in?
Denver, 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 Denver, NC for FY 2027?
The two-bedroom FMR rose 5.6%, from $1,250 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 28.2%.
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