Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Jonas Ridge, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Jonas Ridge, NC is $1,010 a month. That is up 6.3% from $950 in FY 2026. Jonas Ridge is in the Hickory-Lenoir-Morganton, NC MSA. 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 $1,147. The median county two-bedroom FMR in North Carolina is $1,145, so Jonas Ridge is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Jonas Ridge, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$740
$780
+5.4%
$702–$858
1BR
$770
$820
+6.5%
$738–$902
2BR
$950
$1,010
+6.3%
$909–$1,111
3BR
$1,210
$1,340
+10.7%
$1,206–$1,474
4BR
$1,420
$1,530
+7.7%
$1,377–$1,683
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Jonas Ridge, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$820
$1,010
$1,340
$1,530
FY 2026
$740
$770
$950
$1,210
$1,420
FY 2025
$730
$760
$930
$1,190
$1,400
FY 2024
$760
$790
$960
$1,240
$1,430
FY 2023
$630
$630
$770
$1,010
$1,150
Questions about Jonas Ridge, NC rents
How much will Section 8 pay for a two-bedroom in Jonas Ridge, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,147, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,032 to $1,262 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 Jonas Ridge, NC in?
Jonas Ridge, NC is in the Hickory-Lenoir-Morganton, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,147.
How much did fair market rent change in Jonas Ridge, NC for FY 2027?
The two-bedroom FMR rose 6.3%, from $950 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 31.2%.
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