FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 28770
1.07ratio
FMR$1,620
Market$1,510
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR- 28770
0.95ratio
FMR$1,770
Market$1,870
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 28770
0.88ratio
FMR$2,110
Market$2,400
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 28770
1.06ratio
FMR$2,920
Market$2,760
vs market+$160
FMR is near market; voucher and private rents are aligned.
1.06
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
--
Ridgecrest, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ridgecrest, NC is $1,770 a month. That is up 4.7% from $1,690 in FY 2026. Ridgecrest is in the Asheville, NC MSA. 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 $1,866. The median county two-bedroom FMR in North Carolina is $1,145, so Ridgecrest is 55% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ridgecrest, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,330
$1,400
+5.3%
$1,260–$1,540
1BR
$1,540
$1,620
+5.2%
$1,458–$1,782
2BR
$1,690
$1,770
+4.7%
$1,593–$1,947
3BR
$2,070
$2,110
+1.9%
$1,899–$2,321
4BR
$2,820
$2,920
+3.5%
$2,628–$3,212
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Ridgecrest, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,400
$1,620
$1,770
$2,110
$2,920
FY 2026
$1,330
$1,540
$1,690
$2,070
$2,820
FY 2025
$1,350
$1,430
$1,580
$2,030
$2,680
FY 2024
$1,490
$1,560
$1,750
$2,250
$2,970
FY 2023
$1,330
$1,350
$1,530
$2,030
$2,610
Questions about Ridgecrest, NC rents
How much will Section 8 pay for a two-bedroom in Ridgecrest, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,866, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,679 to $2,053 a month; under the ZIP-level Small Area FMR of $1,770 it would be $1,593 to $1,947. 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 Ridgecrest, NC in?
Ridgecrest, NC is in the Asheville, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,866.
How much did fair market rent change in Ridgecrest, NC for FY 2027?
The two-bedroom FMR rose 4.7%, from $1,690 in FY 2026 to $1,770 in FY 2027. Since FY 2023 it has risen 15.7%.
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