FMR is below market; voucher rent may lag private rents.
0.73
2 BR
2 BR- 27021
0.76ratio
FMR$1,170
Market$1,530
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 27021
0.94ratio
FMR$1,540
Market$1,630
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 27021
1.05ratio
FMR$1,880
Market$1,790
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.05
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
--
King, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in King, NC is $1,170 a month. That is up 2.6% from $1,140 in FY 2026. King is in the Winston-Salem, NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in North Carolina is $1,145, so King is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for King, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$950
+3.3%
$855–$1,045
1BR
$1,000
$1,070
+7.0%
$963–$1,177
2BR
$1,140
$1,170
+2.6%
$1,053–$1,287
3BR
$1,490
$1,540
+3.4%
$1,386–$1,694
4BR
$1,760
$1,880
+6.8%
$1,692–$2,068
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for King, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$1,070
$1,170
$1,540
$1,880
FY 2026
$920
$1,000
$1,140
$1,490
$1,760
FY 2025
$890
$930
$1,090
$1,430
$1,680
FY 2024
$830
$870
$1,030
$1,350
$1,550
FY 2023
$720
$750
$900
$1,190
$1,380
Questions about King, NC rents
How much will Section 8 pay for a two-bedroom in King, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,170, that basic range is $1,053 to $1,287 a month. 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 King, NC in?
King, NC is in the Winston-Salem, NC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in King, NC for FY 2027?
The two-bedroom FMR rose 2.6%, from $1,140 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 30.0%.
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