FMR is below market; voucher rent may lag private rents.
0.57
1 BR
1 BR- 28557
0.62ratio
FMR$1,030
Market$1,650
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.62
2 BR
2 BR- 28557
0.79ratio
FMR$1,350
Market$1,710
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 28557
0.76ratio
FMR$1,700
Market$2,230
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR- 28557
0.86ratio
FMR$2,250
Market$2,630
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.86
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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Morehead City, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Morehead City, NC is $1,350 a month. That is up 6.3% from $1,270 in FY 2026. Morehead City is in the Carteret 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 $1,277. The median county two-bedroom FMR in North Carolina is $1,145, so Morehead City is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Morehead City, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$960
$1,030
+7.3%
$927–$1,133
1BR
$970
$1,030
+6.2%
$927–$1,133
2BR
$1,270
$1,350
+6.3%
$1,215–$1,485
3BR
$1,630
$1,700
+4.3%
$1,530–$1,870
4BR
$2,080
$2,250
+8.2%
$2,025–$2,475
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Morehead City, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,030
$1,030
$1,350
$1,700
$2,250
FY 2026
$960
$970
$1,270
$1,630
$2,080
FY 2025
$960
$970
$1,270
$1,650
$2,090
FY 2024area FMR
$820
$826
$1,085
$1,454
$1,812
FY 2023area FMR
$757
$762
$1,003
$1,365
$1,708
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Morehead City, NC rents
How much will Section 8 pay for a two-bedroom in Morehead City, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,277, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,149 to $1,405 a month; under the ZIP-level Small Area FMR of $1,350 it would be $1,215 to $1,485. 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 Morehead City, NC in?
Morehead City, NC is in the Carteret County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,277.
How much did fair market rent change in Morehead City, NC for FY 2027?
The two-bedroom FMR rose 6.3%, from $1,270 in FY 2026 to $1,350 in FY 2027. Since FY 2025 it has risen 6.3%.
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