FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR- 28043
0.96ratio
FMR$870
Market$910
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 28043
0.76ratio
FMR$1,010
Market$1,330
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 28043
0.98ratio
FMR$1,350
Market$1,380
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 28043
0.93ratio
FMR$1,370
Market$1,470
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Forest City, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Forest City, NC is $1,010 a month. That is up 8.6% from $930 in FY 2026. Forest City is in the Rutherford 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 $1,012. The median county two-bedroom FMR in North Carolina is $1,145, so Forest City is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Forest City, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$860
+7.5%
$774–$946
1BR
$810
$870
+7.4%
$783–$957
2BR
$930
$1,010
+8.6%
$909–$1,111
3BR
$1,270
$1,350
+6.3%
$1,215–$1,485
4BR
$1,330
$1,370
+3.0%
$1,233–$1,507
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Forest City, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$860
$870
$1,010
$1,350
$1,370
FY 2026
$800
$810
$930
$1,270
$1,330
FY 2025
$800
$810
$930
$1,250
$1,440
FY 2024area FMR
$733
$737
$856
$1,117
$1,367
FY 2023area FMR
$643
$646
$771
$975
$1,188
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Forest City, NC rents
How much will Section 8 pay for a two-bedroom in Forest City, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,012, which applies unless the housing authority uses Small Area FMRs, that basic range is $911 to $1,113 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 Forest City, NC in?
Forest City, NC is in the Rutherford County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,012.
How much did fair market rent change in Forest City, NC for FY 2027?
The two-bedroom FMR rose 8.6%, from $930 in FY 2026 to $1,010 in FY 2027. Since FY 2025 it has risen 8.6%.
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