FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 27562
0.91ratio
FMR$1,800
Market$1,980
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 27562
0.96ratio
FMR$1,970
Market$2,050
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR- 27562
1.15ratio
FMR$2,450
Market$2,130
vs market+$320
FMR is above market; underwrite to market rent.
1.15
4 BR
4 BR- 27562
1.33ratio
FMR$3,250
Market$2,450
vs market+$800
FMR is above market; underwrite to market rent.
1.33
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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New Hill, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Hill, NC is $1,970 a month. That is down 2.5% from $2,020 in FY 2026. New Hill is in the Raleigh-Cary, NC MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in North Carolina is $1,145, so New Hill is 72% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New Hill, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,750
$1,730
−1.1%
$1,557–$1,903
1BR
$1,830
$1,800
−1.6%
$1,620–$1,980
2BR
$2,020
$1,970
−2.5%
$1,773–$2,167
3BR
$2,530
$2,450
−3.2%
$2,205–$2,695
4BR
$3,350
$3,250
−3.0%
$2,925–$3,575
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New Hill, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,730
$1,800
$1,970
$2,450
$3,250
FY 2026
$1,750
$1,830
$2,020
$2,530
$3,350
FY 2025
$1,290
$1,320
$1,490
$1,850
$2,440
FY 2024
$1,100
$1,130
$1,280
$1,560
$2,070
FY 2023
$980
$1,000
$1,150
$1,450
$1,860
Questions about New Hill, NC rents
How much will Section 8 pay for a two-bedroom in New Hill, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,970, that basic range is $1,773 to $2,167 a month. 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 New Hill, NC in?
New Hill, NC is in the Raleigh-Cary, NC MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in New Hill, NC for FY 2027?
The two-bedroom FMR fell 2.5%, from $2,020 in FY 2026 to $1,970 in FY 2027. Since FY 2023 it has risen 71.3%.
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