FMR is near market; voucher and private rents are aligned.
1.07
1 BR
1 BR- 28108
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- 28108
1.17ratio
FMR$1,970
Market$1,680
vs market+$290
FMR is above market; underwrite to market rent.
1.17
3 BR
3 BR- 28108
1.22ratio
FMR$2,410
Market$1,980
vs market+$430
FMR is above market; underwrite to market rent.
1.22
4 BR
4 BR- 28108
1.38ratio
FMR$3,060
Market$2,210
vs market+$850
FMR is above market; underwrite to market rent.
1.38
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
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Mineral Springs, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mineral Springs, NC is $1,970 a month. That is up 5.9% from $1,860 in FY 2026. Mineral Springs is in the Charlotte-Concord-Gastonia, NC-SC 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 Mineral Springs is 72% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mineral Springs, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,620
$1,740
+7.4%
$1,566–$1,914
1BR
$1,700
$1,810
+6.5%
$1,629–$1,991
2BR
$1,860
$1,970
+5.9%
$1,773–$2,167
3BR
$2,290
$2,410
+5.2%
$2,169–$2,651
4BR
$2,910
$3,060
+5.2%
$2,754–$3,366
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mineral Springs, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,740
$1,810
$1,970
$2,410
$3,060
FY 2026
$1,620
$1,700
$1,860
$2,290
$2,910
FY 2025
$1,740
$1,810
$2,000
$2,470
$3,130
FY 2024
$1,500
$1,550
$1,740
$2,170
$2,770
FY 2023
$1,270
$1,300
$1,470
$1,860
$2,410
Questions about Mineral Springs, NC rents
How much will Section 8 pay for a two-bedroom in Mineral Springs, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,970, that basic range is $1,773 to $2,167 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 Mineral Springs, NC in?
Mineral Springs, NC is in the Charlotte-Concord-Gastonia, NC-SC 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 Mineral Springs, NC for FY 2027?
The two-bedroom FMR rose 5.9%, from $1,860 in FY 2026 to $1,970 in FY 2027. Since FY 2023 it has risen 34.0%.
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