FMR is below market; voucher rent may lag private rents.
0.61
1 BR
1 BR- 28594
0.63ratio
FMR$1,420
Market$2,250
vs market-$830
FMR is below market; voucher rent may lag private rents.
0.63
2 BR
2 BR- 28594
0.79ratio
FMR$1,860
Market$2,350
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 28594
0.96ratio
FMR$2,340
Market$2,440
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 28594
1.09ratio
FMR$3,110
Market$2,860
vs market+$250
FMR is near market; voucher and private rents are aligned.
1.09
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
--
Emerald Isle, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Emerald Isle, NC is $1,860 a month. That is up 10.1% from $1,690 in FY 2026. Emerald Isle is in the Carteret County, NC non-metropolitan 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 county-wide two-bedroom FMR of $1,277. The median county two-bedroom FMR in North Carolina is $1,145, so Emerald Isle is 62% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Emerald Isle, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,280
$1,410
+10.2%
$1,269–$1,551
1BR
$1,290
$1,420
+10.1%
$1,278–$1,562
2BR
$1,690
$1,860
+10.1%
$1,674–$2,046
3BR
$2,170
$2,340
+7.8%
$2,106–$2,574
4BR
$2,770
$3,110
+12.3%
$2,799–$3,421
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Emerald Isle, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,410
$1,420
$1,860
$2,340
$3,110
FY 2026
$1,280
$1,290
$1,690
$2,170
$2,770
FY 2025
$1,260
$1,270
$1,660
$2,160
$2,730
FY 2024area FMR
$820
$826
$1,085
$1,454
$1,812
FY 2023area FMR
$757
$762
$1,003
$1,365
$1,708
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Emerald Isle, NC rents
How much will Section 8 pay for a two-bedroom in Emerald Isle, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,277, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,149 to $1,405 a month; under the ZIP-level Small Area FMR of $1,860 it would be $1,674 to $2,046. 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 Emerald Isle, NC in?
Emerald Isle, NC is in the Carteret County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,277.
How much did fair market rent change in Emerald Isle, NC for FY 2027?
The two-bedroom FMR rose 10.1%, from $1,690 in FY 2026 to $1,860 in FY 2027. Since FY 2025 it has risen 12.0%.
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