FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 28166
1.02ratio
FMR$1,410
Market$1,380
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR- 28166
1.01ratio
FMR$1,530
Market$1,510
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR- 28166
1.16ratio
FMR$2,030
Market$1,750
vs market+$280
FMR is above market; underwrite to market rent.
1.16
4 BR
4 BR- 28166
1.25ratio
FMR$2,560
Market$2,050
vs market+$510
FMR is above market; underwrite to market rent.
1.25
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
--
Troutman, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Troutman, NC is $1,530 a month. That is up 2.7% from $1,490 in FY 2026. Troutman is in the Iredell County, NC HUD Metro FMR Area. 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 $1,429. The median county two-bedroom FMR in North Carolina is $1,145, so Troutman is 34% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Troutman, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,300
$1,350
+3.8%
$1,215–$1,485
1BR
$1,360
$1,410
+3.7%
$1,269–$1,551
2BR
$1,490
$1,530
+2.7%
$1,377–$1,683
3BR
$2,010
$2,030
+1.0%
$1,827–$2,233
4BR
$2,500
$2,560
+2.4%
$2,304–$2,816
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Troutman, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,350
$1,410
$1,530
$2,030
$2,560
FY 2026
$1,300
$1,360
$1,490
$2,010
$2,500
FY 2025
$1,390
$1,450
$1,600
$2,200
$2,690
FY 2024
$1,240
$1,270
$1,430
$1,960
$2,430
FY 2023
$1,000
$1,030
$1,160
$1,570
$1,980
Questions about Troutman, NC rents
How much will Section 8 pay for a two-bedroom in Troutman, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,429, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,286 to $1,572 a month; under the ZIP-level Small Area FMR of $1,530 it would be $1,377 to $1,683. 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 Troutman, NC in?
Troutman, NC is in the Iredell County, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,429.
How much did fair market rent change in Troutman, NC for FY 2027?
The two-bedroom FMR rose 2.7%, from $1,490 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 31.9%.
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