FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 28699
0.90ratio
FMR$1,313
Market$1,460
vs market-$147
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR- 28699
0.95ratio
FMR$1,429
Market$1,510
vs market-$81
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 28699
1.12ratio
FMR$1,897
Market$1,700
vs market+$197
FMR is above market; underwrite to market rent.
1.12
4 BR
4 BR- 28699
1.37ratio
FMR$2,389
Market$1,740
vs market+$649
FMR is above market; underwrite to market rent.
1.37
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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Scotts, NC fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Scotts, NC is $1,429 a month. That is up 6.6% from $1,340 in FY 2026. Scotts is in the Iredell County, NC HUD Metro FMR Area. The median county two-bedroom FMR in North Carolina is $1,145, so Scotts is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Scotts, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,167
$1,260
+8.0%
$1,134–$1,386
1BR
$1,222
$1,313
+7.4%
$1,182–$1,444
2BR
$1,340
$1,429
+6.6%
$1,286–$1,572
3BR
$1,809
$1,897
+4.9%
$1,707–$2,087
4BR
$2,248
$2,389
+6.3%
$2,150–$2,628
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Scotts, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,313
$1,429
$1,897
$2,389
FY 2026
$1,167
$1,222
$1,340
$1,809
$2,248
FY 2025
$1,206
$1,253
$1,387
$1,908
$2,329
FY 2024
$1,046
$1,075
$1,207
$1,652
$2,048
FY 2023
$896
$915
$1,034
$1,395
$1,761
Questions about Scotts, NC rents
How much will Section 8 pay for a two-bedroom in Scotts, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,429, that basic range is $1,286 to $1,572 a month. 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 Scotts, NC in?
Scotts, NC is in the Iredell County, NC HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in Scotts, NC for FY 2027?
The two-bedroom FMR rose 6.6%, from $1,340 in FY 2026 to $1,429 in FY 2027. Since FY 2023 it has risen 38.2%.
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 Fair Market Rents. 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