FMR is near market; voucher and private rents are aligned.
1.08
1 BR
1 BR- 28465
0.91ratio
FMR$1,390
Market$1,520
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 28465
0.74ratio
FMR$1,510
Market$2,040
vs market-$530
FMR is below market; voucher rent may lag private rents.
0.74
3 BR
3 BR- 28465
0.85ratio
FMR$1,980
Market$2,340
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 28465
0.76ratio
FMR$2,310
Market$3,020
vs market-$710
FMR is below market; voucher rent may lag private rents.
0.76
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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Oak Island, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oak Island, NC is $1,510 a month. That is up 7.1% from $1,410 in FY 2026. Oak Island is in the Brunswick 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 $1,574. The median county two-bedroom FMR in North Carolina is $1,145, so Oak Island is 32% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oak Island, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,230
$1,330
+8.1%
$1,197–$1,463
1BR
$1,290
$1,390
+7.8%
$1,251–$1,529
2BR
$1,410
$1,510
+7.1%
$1,359–$1,661
3BR
$1,960
$1,980
+1.0%
$1,782–$2,178
4BR
$2,370
$2,310
−2.5%
$2,079–$2,541
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oak Island, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,330
$1,390
$1,510
$1,980
$2,310
FY 2026
$1,230
$1,290
$1,410
$1,960
$2,370
FY 2025
$1,120
$1,230
$1,360
$1,910
$2,280
FY 2024
$1,030
$1,100
$1,230
$1,730
$2,090
FY 2023
$950
$970
$1,100
$1,560
$1,870
Questions about Oak Island, NC rents
How much will Section 8 pay for a two-bedroom in Oak Island, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,574, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,417 to $1,731 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 Oak Island, NC in?
Oak Island, NC is in the Brunswick County, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,574.
How much did fair market rent change in Oak Island, NC for FY 2027?
The two-bedroom FMR rose 7.1%, from $1,410 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 37.3%.
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