FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 28742
1.10ratio
FMR$1,810
Market$1,640
vs market+$170
FMR is above market; underwrite to market rent.
1.10
2 BR
2 BR- 28742
1.08ratio
FMR$2,000
Market$1,850
vs market+$150
FMR is near market; voucher and private rents are aligned.
1.08
3 BR
3 BR- 28742
1.04ratio
FMR$2,400
Market$2,310
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 28742
1.19ratio
FMR$3,300
Market$2,770
vs market+$530
FMR is above market; underwrite to market rent.
1.19
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
--
Horse Shoe, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Horse Shoe, NC is $2,000 a month. That is up 31.6% from $1,520 in FY 2026. Horse Shoe is in the Transylvania 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 $1,386. The median county two-bedroom FMR in North Carolina is $1,145, so Horse Shoe is 75% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Horse Shoe, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,590
+33.6%
$1,431–$1,749
1BR
$1,360
$1,810
+33.1%
$1,629–$1,991
2BR
$1,520
$2,000
+31.6%
$1,800–$2,200
3BR
$1,850
$2,400
+29.7%
$2,160–$2,640
4BR
$2,520
$3,300
+31.0%
$2,970–$3,630
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Horse Shoe, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,590
$1,810
$2,000
$2,400
$3,300
FY 2026
$1,190
$1,360
$1,520
$1,850
$2,520
FY 2025
$1,290
$1,350
$1,520
$1,950
$2,570
FY 2024
$1,200
$1,260
$1,410
$1,810
$2,390
FY 2023
$1,100
$1,120
$1,270
$1,700
$2,160
Questions about Horse Shoe, NC rents
How much will Section 8 pay for a two-bedroom in Horse Shoe, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,386, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,247 to $1,525 a month; under the ZIP-level Small Area FMR of $2,000 it would be $1,800 to $2,200. 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 Horse Shoe, NC in?
Horse Shoe, NC is in the Transylvania County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,386.
How much did fair market rent change in Horse Shoe, NC for FY 2027?
The two-bedroom FMR rose 31.6%, from $1,520 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 57.5%.
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