FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 27278
0.99ratio
FMR$1,440
Market$1,460
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 27278
0.93ratio
FMR$1,620
Market$1,750
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 27278
1.02ratio
FMR$2,010
Market$1,980
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR- 27278
1.03ratio
FMR$2,310
Market$2,240
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.03
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
--
Hillsborough, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hillsborough, NC is $1,620 a month. That is down 4.1% from $1,690 in FY 2026. Hillsborough is in the Durham-Chapel Hill, 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 $1,745. The median county two-bedroom FMR in North Carolina is $1,145, so Hillsborough is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hillsborough, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,390
−0.7%
$1,251–$1,529
1BR
$1,480
$1,440
−2.7%
$1,296–$1,584
2BR
$1,690
$1,620
−4.1%
$1,458–$1,782
3BR
$2,110
$2,010
−4.7%
$1,809–$2,211
4BR
$2,530
$2,310
−8.7%
$2,079–$2,541
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hillsborough, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,390
$1,440
$1,620
$2,010
$2,310
FY 2026
$1,400
$1,480
$1,690
$2,110
$2,530
FY 2025
$1,440
$1,520
$1,740
$2,170
$2,610
FY 2024
$1,290
$1,320
$1,520
$1,910
$2,340
FY 2023
$1,070
$1,080
$1,250
$1,590
$1,930
Questions about Hillsborough, NC rents
How much will Section 8 pay for a two-bedroom in Hillsborough, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,745, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,571 to $1,920 a month; under the ZIP-level Small Area FMR of $1,620 it would be $1,458 to $1,782. 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 Hillsborough, NC in?
Hillsborough, NC is in the Durham-Chapel Hill, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,745.
How much did fair market rent change in Hillsborough, NC for FY 2027?
The two-bedroom FMR fell 4.1%, from $1,690 in FY 2026 to $1,620 in FY 2027. Since FY 2023 it has risen 29.6%.
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