FMR is below market; voucher rent may lag private rents.
0.53
1 BR
1 BR- 28531
0.56ratio
FMR$930
Market$1,670
vs market-$740
FMR is below market; voucher rent may lag private rents.
0.56
2 BR
2 BR- 28531
0.70ratio
FMR$1,220
Market$1,750
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.70
3 BR
3 BR- 28531
0.78ratio
FMR$1,540
Market$1,970
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.78
4 BR
4 BR- 28531
0.99ratio
FMR$2,040
Market$2,060
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
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
--
Harkers Island, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Harkers Island, NC is $1,220 a month. That is up 2.5% from $1,190 in FY 2026. Harkers Island 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 Harkers Island is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Harkers Island, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$900
$930
+3.3%
$837–$1,023
1BR
$910
$930
+2.2%
$837–$1,023
2BR
$1,190
$1,220
+2.5%
$1,098–$1,342
3BR
$1,550
$1,540
−0.6%
$1,386–$1,694
4BR
$1,960
$2,040
+4.1%
$1,836–$2,244
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Harkers Island, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$930
$1,220
$1,540
$2,040
FY 2026
$900
$910
$1,190
$1,550
$1,960
FY 2025
$1,000
$1,010
$1,320
$1,720
$2,170
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 Harkers Island, NC rents
How much will Section 8 pay for a two-bedroom in Harkers Island, 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 $1,220 it would be $1,098 to $1,342. 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 Harkers Island, NC in?
Harkers Island, 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 Harkers Island, NC for FY 2027?
The two-bedroom FMR rose 2.5%, from $1,190 in FY 2026 to $1,220 in FY 2027. Since FY 2025 it has fallen 7.6%.
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