FMR is below market; voucher rent may lag private rents.
0.84
1 BR
1 BR- 28072
0.82ratio
FMR$910
Market$1,110
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 28072
0.90ratio
FMR$1,140
Market$1,260
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR- 28072
0.81ratio
FMR$1,450
Market$1,790
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 28072
0.93ratio
FMR$1,910
Market$2,050
vs market-$140
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
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Granite Quarry, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Granite Quarry, NC is $1,140 a month. That is down 1.7% from $1,160 in FY 2026. Granite Quarry is in the Rowan County, NC HUD Metro 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 metro-wide two-bedroom FMR of $1,262.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Granite Quarry, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$900
−4.3%
$810–$990
1BR
$950
$910
−4.2%
$819–$1,001
2BR
$1,160
$1,140
−1.7%
$1,026–$1,254
3BR
$1,530
$1,450
−5.2%
$1,305–$1,595
4BR
$1,950
$1,910
−2.1%
$1,719–$2,101
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Granite Quarry, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$900
$910
$1,140
$1,450
$1,910
FY 2026
$940
$950
$1,160
$1,530
$1,950
FY 2025
$920
$920
$1,130
$1,490
$1,900
FY 2024
$840
$850
$1,020
$1,350
$1,550
FY 2023
$770
$770
$940
$1,220
$1,330
Questions about Granite Quarry, NC rents
How much will Section 8 pay for a two-bedroom in Granite Quarry, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,262, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,136 to $1,388 a month; under the ZIP-level Small Area FMR of $1,140 it would be $1,026 to $1,254. 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 Granite Quarry, NC in?
Granite Quarry, NC is in the Rowan County, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,262.
How much did fair market rent change in Granite Quarry, NC for FY 2027?
The two-bedroom FMR fell 1.7%, from $1,160 in FY 2026 to $1,140 in FY 2027. Since FY 2023 it has risen 21.3%.
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