FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 28114
0.80ratio
FMR$860
Market$1,070
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 28114
0.87ratio
FMR$1,010
Market$1,160
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 28114
1.12ratio
FMR$1,370
Market$1,220
vs market+$150
FMR is above market; underwrite to market rent.
1.12
4 BR
4 BR- 28114
1.08ratio
FMR$1,390
Market$1,290
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.08
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
--
Mooresboro, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mooresboro, NC is $1,010 a month. That is up 8.6% from $930 in FY 2026. Mooresboro is in the Cleveland 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 $1,014. The median county two-bedroom FMR in North Carolina is $1,145, so Mooresboro is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mooresboro, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$790
$860
+8.9%
$774–$946
1BR
$790
$860
+8.9%
$774–$946
2BR
$930
$1,010
+8.6%
$909–$1,111
3BR
$1,280
$1,370
+7.0%
$1,233–$1,507
4BR
$1,330
$1,390
+4.5%
$1,251–$1,529
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mooresboro, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$860
$860
$1,010
$1,370
$1,390
FY 2026
$790
$790
$930
$1,280
$1,330
FY 2025
$770
$780
$930
$1,270
$1,430
FY 2024area FMR
$652
$656
$856
$1,206
$1,349
FY 2023area FMR
$582
$586
$771
$1,069
$1,245
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Mooresboro, NC rents
How much will Section 8 pay for a two-bedroom in Mooresboro, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 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 Mooresboro, NC in?
Mooresboro, NC is in the Cleveland County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in Mooresboro, NC for FY 2027?
The two-bedroom FMR rose 8.6%, from $930 in FY 2026 to $1,010 in FY 2027. Since FY 2025 it has risen 8.6%.
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