FMR is near market; voucher and private rents are aligned.
0.97
1 BR
1 BR- 28654
1.00ratio
FMR$1,090
Market$1,090
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 28654
1.06ratio
FMR$1,260
Market$1,190
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 28654
1.22ratio
FMR$1,670
Market$1,370
vs market+$300
FMR is above market; underwrite to market rent.
1.22
4 BR
4 BR- 28654
1.37ratio
FMR$1,930
Market$1,410
vs market+$520
FMR is above market; underwrite to market rent.
1.37
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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Moravian Falls, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Moravian Falls, NC is $1,260 a month. That is up 5.0% from $1,200 in FY 2026. Moravian Falls is in the Hickory-Lenoir-Morganton, NC MSA. 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 metro-wide two-bedroom FMR of $1,147. The median county two-bedroom FMR in North Carolina is $1,145, so Moravian Falls is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Moravian Falls, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$1,070
+5.9%
$963–$1,177
1BR
$1,030
$1,090
+5.8%
$981–$1,199
2BR
$1,200
$1,260
+5.0%
$1,134–$1,386
3BR
$1,600
$1,670
+4.4%
$1,503–$1,837
4BR
$1,990
$1,930
−3.0%
$1,737–$2,123
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Moravian Falls, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,090
$1,260
$1,670
$1,930
FY 2026
$1,010
$1,030
$1,200
$1,600
$1,990
FY 2025
$1,000
$1,040
$1,200
$1,600
$1,790
FY 2024
$940
$970
$1,180
$1,530
$1,750
FY 2023
$690
$690
$840
$1,100
$1,250
Questions about Moravian Falls, NC rents
How much will Section 8 pay for a two-bedroom in Moravian Falls, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,147, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,032 to $1,262 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. 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 Moravian Falls, NC in?
Moravian Falls, NC is in the Hickory-Lenoir-Morganton, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,147.
How much did fair market rent change in Moravian Falls, NC for FY 2027?
The two-bedroom FMR rose 5.0%, from $1,200 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 50.0%.
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