FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR- 27886
1.00ratio
FMR$870
Market$870
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 27886
0.97ratio
FMR$1,040
Market$1,070
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR- 27886
1.01ratio
FMR$1,400
Market$1,390
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR- 27886
0.93ratio
FMR$1,660
Market$1,790
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Tarboro, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Tarboro, NC is $1,040 a month. That is up 4.0% from $1,000 in FY 2026. Tarboro is in the Rocky Mount, 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 Tarboro is 9% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Tarboro, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$860
+7.5%
$774–$946
1BR
$800
$870
+8.8%
$783–$957
2BR
$1,000
$1,040
+4.0%
$936–$1,144
3BR
$1,360
$1,400
+2.9%
$1,260–$1,540
4BR
$1,660
$1,660
0.0%
$1,494–$1,826
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Tarboro, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$860
$870
$1,040
$1,400
$1,660
FY 2026
$800
$800
$1,000
$1,360
$1,660
FY 2025
$840
$840
$1,040
$1,420
$1,770
FY 2024
$740
$750
$930
$1,250
$1,560
FY 2023
$660
$670
$820
$1,130
$1,410
Questions about Tarboro, NC rents
How much will Section 8 pay for a two-bedroom in Tarboro, 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 $1,040 it would be $936 to $1,144. 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 Tarboro, NC in?
Tarboro, NC is in the Rocky Mount, 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 Tarboro, NC for FY 2027?
The two-bedroom FMR rose 4.0%, from $1,000 in FY 2026 to $1,040 in FY 2027. Since FY 2023 it has risen 26.8%.
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