FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 27591
1.08ratio
FMR$1,320
Market$1,220
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR- 27591
0.92ratio
FMR$1,440
Market$1,560
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 27591
0.98ratio
FMR$1,790
Market$1,830
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 27591
1.09ratio
FMR$2,410
Market$2,220
vs market+$190
FMR is near market; voucher and private rents are aligned.
1.09
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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Wendell, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wendell, NC is $1,440 a month. That is down 3.4% from $1,490 in FY 2026. Wendell is in the Raleigh-Cary, 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 Wendell is 26% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wendell, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,300
$1,270
−2.3%
$1,143–$1,397
1BR
$1,360
$1,320
−2.9%
$1,188–$1,452
2BR
$1,490
$1,440
−3.4%
$1,296–$1,584
3BR
$1,870
$1,790
−4.3%
$1,611–$1,969
4BR
$2,500
$2,410
−3.6%
$2,169–$2,651
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wendell, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,270
$1,320
$1,440
$1,790
$2,410
FY 2026
$1,300
$1,360
$1,490
$1,870
$2,500
FY 2025
$1,290
$1,320
$1,490
$1,840
$2,450
FY 2024
$1,180
$1,210
$1,360
$1,680
$2,240
FY 2023
$980
$1,010
$1,140
$1,400
$1,850
Questions about Wendell, NC rents
How much will Section 8 pay for a two-bedroom in Wendell, NC?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,440, that basic range is $1,296 to $1,584 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 Wendell, NC in?
Wendell, NC is in the Raleigh-Cary, 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 Wendell, NC for FY 2027?
The two-bedroom FMR fell 3.4%, from $1,490 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has risen 26.3%.
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