FMR is below market; voucher rent may lag private rents.
0.45
1 BR
1 BR- 28097
0.46ratio
FMR$790
Market$1,700
vs market-$910
FMR is below market; voucher rent may lag private rents.
0.46
2 BR
2 BR- 28097
0.56ratio
FMR$1,020
Market$1,830
vs market-$810
FMR is below market; voucher rent may lag private rents.
0.56
3 BR
3 BR- 28097
0.70ratio
FMR$1,380
Market$1,980
vs market-$600
FMR is below market; voucher rent may lag private rents.
0.70
4 BR
4 BR- 28097
0.67ratio
FMR$1,470
Market$2,190
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.67
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
--
Locust, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Locust, NC is $1,020 a month. That is up 7.4% from $950 in FY 2026. Locust is in the Stanly 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 Locust is 11% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Locust, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$780
−2.5%
$702–$858
1BR
$810
$790
−2.5%
$711–$869
2BR
$950
$1,020
+7.4%
$918–$1,122
3BR
$1,290
$1,380
+7.0%
$1,242–$1,518
4BR
$1,520
$1,470
−3.3%
$1,323–$1,617
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Locust, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$790
$1,020
$1,380
$1,470
FY 2026
$800
$810
$950
$1,290
$1,520
FY 2025
$880
$900
$1,010
$1,380
$1,680
FY 2024
$970
$1,000
$1,120
$1,400
$1,790
FY 2023
$870
$890
$1,000
$1,270
$1,640
Questions about Locust, NC rents
How much will Section 8 pay for a two-bedroom in Locust, 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 $1,020 it would be $918 to $1,122. 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 Locust, NC in?
Locust, NC is in the Stanly 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 Locust, NC for FY 2027?
The two-bedroom FMR rose 7.4%, from $950 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 2.0%.
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