Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Union Grove, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Union Grove, NC is $1,080 a month. That is up 5.9% from $1,020 in FY 2026. Union Grove is in the Hickory-Lenoir-Morganton, NC MSA, 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 Union Grove is 6% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Union Grove, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$870
$920
+5.7%
$828–$1,012
1BR
$900
$960
+6.7%
$864–$1,056
2BR
$1,020
$1,080
+5.9%
$972–$1,188
3BR
$1,360
$1,420
+4.4%
$1,278–$1,562
4BR
$1,670
$1,720
+3.0%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Union Grove, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$920
$960
$1,080
$1,420
$1,720
FY 2026
$870
$900
$1,020
$1,360
$1,670
FY 2025
$950
$970
$1,090
$1,490
$1,850
FY 2024
$810
$830
$940
$1,260
$1,590
FY 2023
$720
$740
$840
$1,110
$1,430
Questions about Union Grove, NC rents
How much will Section 8 pay for a two-bedroom in Union Grove, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,080, that basic range is $972 to $1,188 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 Union Grove, NC in?
Union Grove, NC is in the Hickory-Lenoir-Morganton, NC MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Union Grove, NC for FY 2027?
The two-bedroom FMR rose 5.9%, from $1,020 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 28.6%.
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