FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 27358
0.82ratio
FMR$1,250
Market$1,520
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 27358
0.85ratio
FMR$1,400
Market$1,650
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 27358
0.99ratio
FMR$1,800
Market$1,820
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 27358
1.13ratio
FMR$2,130
Market$1,890
vs market+$240
FMR is above market; underwrite to market rent.
1.13
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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Summerfield, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Summerfield, NC is $1,400 a month. That is down 4.8% from $1,470 in FY 2026. Summerfield is in the Greensboro-High Point, NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in North Carolina is $1,145, so Summerfield is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Summerfield, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,240
$1,200
−3.2%
$1,080–$1,320
1BR
$1,310
$1,250
−4.6%
$1,125–$1,375
2BR
$1,470
$1,400
−4.8%
$1,260–$1,540
3BR
$1,870
$1,800
−3.7%
$1,620–$1,980
4BR
$2,150
$2,130
−0.9%
$1,917–$2,343
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Summerfield, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,200
$1,250
$1,400
$1,800
$2,130
FY 2026
$1,240
$1,310
$1,470
$1,870
$2,150
FY 2025
$1,110
$1,160
$1,330
$1,680
$1,900
FY 2024
$1,090
$1,130
$1,300
$1,660
$1,870
FY 2023
$920
$960
$1,110
$1,430
$1,620
Questions about Summerfield, NC rents
How much will Section 8 pay for a two-bedroom in Summerfield, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,400, that basic range is $1,260 to $1,540 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 Summerfield, NC in?
Summerfield, NC is in the Greensboro-High Point, NC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Summerfield, NC for FY 2027?
The two-bedroom FMR fell 4.8%, from $1,470 in FY 2026 to $1,400 in FY 2027. Since FY 2023 it has risen 26.1%.
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