SHELBY, NC
CitySAFMR
Cleveland County
Found 3 ZIPs
BRFMR
Eff. Rent
0 BR$760 – $780$760 – $780
1 BR$770 – $780$770 – $780
2 BR$930 – $950$930 – $950
3 BR$1,290 – $1,320$1,290 – $1,320
4 BR$1,330 – $1,360$1,330 – $1,360
5 BR$1,529
6 BR$1,759
7 BR$2,023
8 BR$2,326

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 2 ZIPs
0.84ratio range
Median FMR$760
Median Market$905
vs market-$145

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2
Studio· 1 ZIP
0.88ratio
FMR$780
Market$890
vs market-$110

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
0.84–0.88
1 BR
1 BR· 2 ZIPs
0.84–0.85ratio range
Median FMR$775
Median Market$920
vs market-$145

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2
1 BR· 1 ZIP
0.87ratio
FMR$770
Market$890
vs market-$120

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
0.84–0.87
2 BR
2 BR· 1 ZIP
0.86ratio
FMR$950
Market$1,110
vs market-$160

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
2 BR· 1 ZIP
0.87ratio
FMR$930
Market$1,070
vs market-$140

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
2 BR· 1 ZIP
0.93ratio
FMR$930
Market$1,000
vs market-$70

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.86–0.93
3 BR
3 BR· 1 ZIP
0.78ratio
FMR$1,290
Market$1,660
vs market-$370

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
3 BR· 1 ZIP
0.89ratio
FMR$1,290
Market$1,450
vs market-$160

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
3 BR· 1 ZIP
0.90ratio
FMR$1,320
Market$1,460
vs market-$140

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.78–0.90
4 BR
4 BR· 1 ZIP
0.74ratio
FMR$1,330
Market$1,790
vs market-$460

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
4 BR· 1 ZIP
0.78ratio
FMR$1,360
Market$1,750
vs market-$390

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
4 BR· 1 ZIP
0.85ratio
FMR$1,330
Market$1,560
vs market-$230

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
0.74–0.85
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

ZIP Codes

Ranked by Investment Score (vs area median)

About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for SHELBY, NC (NC) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

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