FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 27529
1.08ratio
FMR$1,970
Market$1,830
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR- 27529
1.38ratio
FMR$2,640
Market$1,920
vs market+$720
FMR is above market; underwrite to market rent.
1.38
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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Garner, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Garner, NC is $1,580 a month. That is down 4.8% from $1,660 in FY 2026. Garner is in the Raleigh-Cary, NC MSA, 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 Garner is 38% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Garner, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,390
−4.1%
$1,251–$1,529
1BR
$1,510
$1,450
−4.0%
$1,305–$1,595
2BR
$1,660
$1,580
−4.8%
$1,422–$1,738
3BR
$2,080
$1,970
−5.3%
$1,773–$2,167
4BR
$2,780
$2,640
−5.0%
$2,376–$2,904
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Garner, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,390
$1,450
$1,580
$1,970
$2,640
FY 2026
$1,450
$1,510
$1,660
$2,080
$2,780
FY 2025
$1,470
$1,530
$1,690
$2,100
$2,840
FY 2024
$1,400
$1,430
$1,610
$1,990
$2,650
FY 2023
$1,190
$1,220
$1,380
$1,690
$2,240
Questions about Garner, NC rents
How much will Section 8 pay for a two-bedroom in Garner, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,580, that basic range is $1,422 to $1,738 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 Garner, NC in?
Garner, NC is in the Raleigh-Cary, NC MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Garner, NC for FY 2027?
The two-bedroom FMR fell 4.8%, from $1,660 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 14.5%.
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