For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lake Lure, NC is $1,660 a month. That is up 21.2% from $1,370 in FY 2026. Lake Lure is in the Rutherford 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 $1,012. The median county two-bedroom FMR in North Carolina is $1,145, so Lake Lure is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lake Lure, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,300
+11.1%
$1,170–$1,430
1BR
$1,220
$1,510
+23.8%
$1,359–$1,661
2BR
$1,370
$1,660
+21.2%
$1,494–$1,826
3BR
$1,760
$2,010
+14.2%
$1,809–$2,211
4BR
$2,320
$2,780
+19.8%
$2,502–$3,058
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lake Lure, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,510
$1,660
$2,010
$2,780
FY 2026
$1,170
$1,220
$1,370
$1,760
$2,320
FY 2025
$1,290
$1,350
$1,520
$1,950
$2,570
FY 2024area FMR
$733
$737
$856
$1,117
$1,367
FY 2023area FMR
$643
$646
$771
$975
$1,188
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Lake Lure, NC rents
How much will Section 8 pay for a two-bedroom in Lake Lure, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,012, which applies unless the housing authority uses Small Area FMRs, that basic range is $911 to $1,113 a month; under the ZIP-level Small Area FMR of $1,660 it would be $1,494 to $1,826. 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 Lake Lure, NC in?
Lake Lure, NC is in the Rutherford County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,012.
How much did fair market rent change in Lake Lure, NC for FY 2027?
The two-bedroom FMR rose 21.2%, from $1,370 in FY 2026 to $1,660 in FY 2027. Since FY 2025 it has risen 9.2%.
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