FMR is below market; voucher rent may lag private rents.
0.48
1 BR
1 BR- 28129
0.48ratio
FMR$800
Market$1,670
vs market-$870
FMR is below market; voucher rent may lag private rents.
0.48
2 BR
2 BR- 28129
0.61ratio
FMR$1,040
Market$1,700
vs market-$660
FMR is below market; voucher rent may lag private rents.
0.61
3 BR
3 BR- 28129
0.80ratio
FMR$1,430
Market$1,780
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.80
4 BR
4 BR- 28129
0.81ratio
FMR$1,490
Market$1,850
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.81
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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Oakboro, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oakboro, NC is $1,040 a month. That is up 11.8% from $930 in FY 2026. Oakboro is in the Stanly 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 Oakboro is 9% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oakboro, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$640
$790
+23.4%
$711–$869
1BR
$700
$800
+14.3%
$720–$880
2BR
$930
$1,040
+11.8%
$936–$1,144
3BR
$1,280
$1,430
+11.7%
$1,287–$1,573
4BR
$1,470
$1,490
+1.4%
$1,341–$1,639
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oakboro, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$800
$1,040
$1,430
$1,490
FY 2026
$640
$700
$930
$1,280
$1,470
FY 2025
$640
$710
$930
$1,270
$1,540
FY 2024area FMR
$627
$704
$925
$1,244
$1,552
FY 2023area FMR
$560
$674
$815
$1,097
$1,388
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Oakboro, NC rents
How much will Section 8 pay for a two-bedroom in Oakboro, 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 $1,040 it would be $936 to $1,144. 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 Oakboro, NC in?
Oakboro, NC is in the Stanly 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 Oakboro, NC for FY 2027?
The two-bedroom FMR rose 11.8%, from $930 in FY 2026 to $1,040 in FY 2027. Since FY 2025 it has risen 11.8%.
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