FMR is below market; voucher rent may lag private rents.
0.55
1 BR
1 BR- 27879
0.85ratio
FMR$840
Market$990
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 27879
0.83ratio
FMR$1,020
Market$1,230
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR- 27879
0.76ratio
FMR$1,330
Market$1,740
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR- 27879
0.76ratio
FMR$1,670
Market$2,190
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.76
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
--
Simpson, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Simpson, NC is $1,020 a month. That is down 3.8% from $1,060 in FY 2026. Simpson is in the Greenville, 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 $1,167. The median county two-bedroom FMR in North Carolina is $1,145, so Simpson is 11% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Simpson, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$840
$840
0.0%
$756–$924
1BR
$850
$840
−1.2%
$756–$924
2BR
$1,060
$1,020
−3.8%
$918–$1,122
3BR
$1,430
$1,330
−7.0%
$1,197–$1,463
4BR
$1,790
$1,670
−6.7%
$1,503–$1,837
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Simpson, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$840
$840
$1,020
$1,330
$1,670
FY 2026
$840
$850
$1,060
$1,430
$1,790
FY 2025
$930
$940
$1,170
$1,580
$1,980
FY 2024
$1,030
$1,040
$1,290
$1,750
$2,190
FY 2023
$910
$920
$1,140
$1,550
$1,940
Questions about Simpson, NC rents
How much will Section 8 pay for a two-bedroom in Simpson, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,167, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,050 to $1,284 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. 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 Simpson, NC in?
Simpson, NC is in the Greenville, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,167.
How much did fair market rent change in Simpson, NC for FY 2027?
The two-bedroom FMR fell 3.8%, from $1,060 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has fallen 10.5%.
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