FMR is below market; voucher rent may lag private rents.
0.54
1 BR
1 BR- 28127
0.58ratio
FMR$790
Market$1,370
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.58
2 BR
2 BR- 28127
0.71ratio
FMR$1,020
Market$1,430
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 28127
0.86ratio
FMR$1,380
Market$1,600
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR- 28127
0.89ratio
FMR$1,520
Market$1,710
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.89
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 London, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New London, NC is $1,020 a month. That is up 5.2% from $970 in FY 2026. New London is in the Davidson County, NC HUD Metro 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 metro-wide two-bedroom FMR of $1,087. The median county two-bedroom FMR in North Carolina is $1,145, so New London is 11% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New London, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$760
$790
+3.9%
$711–$869
1BR
$770
$790
+2.6%
$711–$869
2BR
$970
$1,020
+5.2%
$918–$1,122
3BR
$1,340
$1,380
+3.0%
$1,242–$1,518
4BR
$1,530
$1,520
−0.7%
$1,368–$1,672
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New London, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$790
$1,020
$1,380
$1,520
FY 2026
$760
$770
$970
$1,340
$1,530
FY 2025
$840
$840
$1,010
$1,340
$1,650
FY 2024
$770
$780
$960
$1,270
$1,570
FY 2023
$640
$650
$820
$1,090
$1,390
Questions about New London, NC rents
How much will Section 8 pay for a two-bedroom in New London, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,087, which applies unless the housing authority uses Small Area FMRs, that basic range is $978 to $1,196 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. 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 London, NC in?
New London, NC is in the Davidson County, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,087.
How much did fair market rent change in New London, NC for FY 2027?
The two-bedroom FMR rose 5.2%, from $970 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 24.4%.
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