FMR is below market; voucher rent may lag private rents.
0.54
1 BR
1 BR- 27959
0.62ratio
FMR$1,180
Market$1,900
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.62
2 BR
2 BR- 27959
0.54ratio
FMR$1,290
Market$2,380
vs market-$1,090
FMR is below market; voucher rent may lag private rents.
0.54
3 BR
3 BR- 27959
0.61ratio
FMR$1,640
Market$2,710
vs market-$1,070
FMR is below market; voucher rent may lag private rents.
0.61
4 BR
4 BR- 27959
0.66ratio
FMR$1,710
Market$2,600
vs market-$890
FMR is below market; voucher rent may lag private rents.
0.66
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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Nags Head, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Nags Head, NC is $1,290 a month. That is up 1.6% from $1,270 in FY 2026. Nags Head is in the Dare 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 $1,510. The median county two-bedroom FMR in North Carolina is $1,145, so Nags Head is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Nags Head, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,010
+2.0%
$909–$1,111
1BR
$1,150
$1,180
+2.6%
$1,062–$1,298
2BR
$1,270
$1,290
+1.6%
$1,161–$1,419
3BR
$1,690
$1,640
−3.0%
$1,476–$1,804
4BR
$1,730
$1,710
−1.2%
$1,539–$1,881
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Nags Head, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,010
$1,180
$1,290
$1,640
$1,710
FY 2026
$990
$1,150
$1,270
$1,690
$1,730
FY 2025
$990
$1,150
$1,280
$1,700
$1,740
FY 2024area FMR
$1,000
$1,137
$1,280
$1,736
$1,800
FY 2023area FMR
$915
$982
$1,151
$1,571
$1,726
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Nags Head, NC rents
How much will Section 8 pay for a two-bedroom in Nags Head, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,510, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,359 to $1,661 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 Nags Head, NC in?
Nags Head, NC is in the Dare County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,510.
How much did fair market rent change in Nags Head, NC for FY 2027?
The two-bedroom FMR rose 1.6%, from $1,270 in FY 2026 to $1,290 in FY 2027. Since FY 2025 it has risen 0.8%.
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