FMR is near market; voucher and private rents are aligned.
1.05
2 BR
2 BR- 28761
1.13ratio
FMR$1,170
Market$1,040
vs market+$130
FMR is above market; underwrite to market rent.
1.13
3 BR
3 BR- 28761
1.26ratio
FMR$1,490
Market$1,180
vs market+$310
FMR is above market; underwrite to market rent.
1.26
4 BR
4 BR- 28761
1.28ratio
FMR$1,560
Market$1,220
vs market+$340
FMR is above market; underwrite to market rent.
1.28
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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Nebo, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Nebo, NC is $1,170 a month. That is up 18.2% from $990 in FY 2026. Nebo is in the McDowell 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 $1,012. The median county two-bedroom FMR in North Carolina is $1,145, so Nebo is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Nebo, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$830
$1,000
+20.5%
$900–$1,100
1BR
$840
$1,050
+25.0%
$945–$1,155
2BR
$990
$1,170
+18.2%
$1,053–$1,287
3BR
$1,260
$1,490
+18.3%
$1,341–$1,639
4BR
$1,420
$1,560
+9.9%
$1,404–$1,716
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Nebo, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,000
$1,050
$1,170
$1,490
$1,560
FY 2026
$830
$840
$990
$1,260
$1,420
FY 2025
$770
$830
$930
$1,190
$1,360
FY 2024
$760
$780
$950
$1,230
$1,410
FY 2023
$630
$630
$770
$1,010
$1,150
Questions about Nebo, NC rents
How much will Section 8 pay for a two-bedroom in Nebo, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,012, which applies unless the housing authority uses Small Area FMRs, that basic range is $911 to $1,113 a month; under the ZIP-level Small Area FMR of $1,170 it would be $1,053 to $1,287. 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 Nebo, NC in?
Nebo, NC is in the McDowell County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,012.
How much did fair market rent change in Nebo, NC for FY 2027?
The two-bedroom FMR rose 18.2%, from $990 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 51.9%.
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