FMR is near market; voucher and private rents are aligned.
0.98
1 BR
1 BR- 28671
0.99ratio
FMR$960
Market$970
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 28671
0.98ratio
FMR$1,140
Market$1,160
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 28671
1.10ratio
FMR$1,390
Market$1,260
vs market+$130
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR- 28671
1.32ratio
FMR$1,700
Market$1,290
vs market+$410
FMR is above market; underwrite to market rent.
1.32
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
--
Rutherford College, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Rutherford College, NC is $1,140 a month. That is up 5.6% from $1,080 in FY 2026. Rutherford College is in the Hickory-Lenoir-Morganton, 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 $1,147.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Rutherford College, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$960
+12.9%
$864–$1,056
1BR
$900
$960
+6.7%
$864–$1,056
2BR
$1,080
$1,140
+5.6%
$1,026–$1,254
3BR
$1,350
$1,390
+3.0%
$1,251–$1,529
4BR
$1,640
$1,700
+3.7%
$1,530–$1,870
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Rutherford College, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$960
$1,140
$1,390
$1,700
FY 2026
$850
$900
$1,080
$1,350
$1,640
FY 2025
$800
$830
$1,020
$1,300
$1,530
FY 2024
$760
$790
$960
$1,240
$1,420
FY 2023
$630
$630
$770
$1,010
$1,150
Questions about Rutherford College, NC rents
How much will Section 8 pay for a two-bedroom in Rutherford College, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,147, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,032 to $1,262 a month; under the ZIP-level Small Area FMR of $1,140 it would be $1,026 to $1,254. 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 Rutherford College, NC in?
Rutherford College, NC is in the Hickory-Lenoir-Morganton, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,147.
How much did fair market rent change in Rutherford College, NC for FY 2027?
The two-bedroom FMR rose 5.6%, from $1,080 in FY 2026 to $1,140 in FY 2027. Since FY 2023 it has risen 48.1%.
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