FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 28673
0.80ratio
FMR$1,360
Market$1,700
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 28673
0.91ratio
FMR$1,620
Market$1,790
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 28673
0.99ratio
FMR$1,980
Market$1,990
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 28673
1.05ratio
FMR$2,410
Market$2,300
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.05
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
--
Sherrills Ford, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Sherrills Ford, NC is $1,620 a month. That is down 1.2% from $1,640 in FY 2026. Sherrills Ford 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. The median county two-bedroom FMR in North Carolina is $1,145, so Sherrills Ford is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Sherrills Ford, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,290
$1,360
+5.4%
$1,224–$1,496
1BR
$1,360
$1,360
0.0%
$1,224–$1,496
2BR
$1,640
$1,620
−1.2%
$1,458–$1,782
3BR
$2,050
$1,980
−3.4%
$1,782–$2,178
4BR
$2,490
$2,410
−3.2%
$2,169–$2,651
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Sherrills Ford, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,360
$1,360
$1,620
$1,980
$2,410
FY 2026
$1,290
$1,360
$1,640
$2,050
$2,490
FY 2025
$1,230
$1,280
$1,570
$2,010
$2,360
FY 2024
$1,210
$1,250
$1,520
$1,970
$2,260
FY 2023
$970
$980
$1,190
$1,550
$1,770
Questions about Sherrills Ford, NC rents
How much will Section 8 pay for a two-bedroom in Sherrills Ford, 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 $1,620 it would be $1,458 to $1,782. 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 Sherrills Ford, NC in?
Sherrills Ford, 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 Sherrills Ford, NC for FY 2027?
The two-bedroom FMR fell 1.2%, from $1,640 in FY 2026 to $1,620 in FY 2027. Since FY 2023 it has risen 36.1%.
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