FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR- 28690
1.05ratio
FMR$1,200
Market$1,140
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.05
3 BR
3 BR- 28690
0.99ratio
FMR$1,460
Market$1,480
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 28690
1.12ratio
FMR$1,790
Market$1,600
vs market+$190
FMR is above market; underwrite to market rent.
1.12
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
--
Valdese, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Valdese, NC is $1,200 a month. That is up 10.1% from $1,090 in FY 2026. Valdese is in the Hickory-Lenoir-Morganton, 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 $1,147. The median county two-bedroom FMR in North Carolina is $1,145, so Valdese is 5% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Valdese, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$1,010
+18.8%
$909–$1,111
1BR
$900
$1,010
+12.2%
$909–$1,111
2BR
$1,090
$1,200
+10.1%
$1,080–$1,320
3BR
$1,370
$1,460
+6.6%
$1,314–$1,606
4BR
$1,650
$1,790
+8.5%
$1,611–$1,969
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Valdese, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,010
$1,010
$1,200
$1,460
$1,790
FY 2026
$850
$900
$1,090
$1,370
$1,650
FY 2025
$810
$840
$1,030
$1,310
$1,540
FY 2024
$780
$810
$980
$1,270
$1,460
FY 2023
$630
$630
$770
$1,010
$1,150
Questions about Valdese, NC rents
How much will Section 8 pay for a two-bedroom in Valdese, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,147, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,032 to $1,262 a month; under the ZIP-level Small Area FMR of $1,200 it would be $1,080 to $1,320. 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 Valdese, NC in?
Valdese, NC is in the Hickory-Lenoir-Morganton, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,147.
How much did fair market rent change in Valdese, NC for FY 2027?
The two-bedroom FMR rose 10.1%, from $1,090 in FY 2026 to $1,200 in FY 2027. Since FY 2023 it has risen 55.8%.
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