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Dare County, NC

CountySAFMR

Found 14 ZIPs

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County Median Investment Score

52Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,010 – $1,410	$1,100 – $1,550	6.0%
1 BR	$1,180 – $1,640	$1,280 – $1,800	6.9%
2 BR	$1,290 – $1,780	$1,390 – $1,960	5.7%
3 BR	$1,640 – $2,260	$1,770 – $2,490	3.4%
4 BR	$1,710 – $2,360	$1,840 – $2,550	3.6%
5 BR	$2,300	Not available	3.6%
6 BR	$2,645	Not available	3.6%
7 BR	$3,042	Not available	3.6%
8 BR	$3,498	Not available	3.6%

Public Housing Authority

Rolodex

Market Alignment

Studio

Studio- 4 ZIPs

0.26-0.64ratio range

Median FMR$1,195

Median Market$1,925

vs market-$730

FMR is below market; voucher rent may lag private rents.

Studio- 1 ZIP

0.73ratio

FMR$1,410

Market$1,930

vs market-$520

FMR is below market; voucher rent may lag private rents.

0.26-0.73

1 BR

1 BR- 1 ZIP

0.62ratio

FMR$1,180

Market$1,900

vs market-$720

FMR is below market; voucher rent may lag private rents.

1 BR- 2 ZIPs

0.69-0.71ratio range

Median FMR$1,385

Median Market$1,975

vs market-$590

FMR is below market; voucher rent may lag private rents.

1 BR- 1 ZIP

0.80ratio

FMR$1,640

Market$2,060

vs market-$420

FMR is below market; voucher rent may lag private rents.

0.62-0.80

2 BR

2 BR- 1 ZIP

0.54ratio

FMR$1,290

Market$2,380

vs market-$1,090

FMR is below market; voucher rent may lag private rents.

2 BR- 2 ZIPs

0.71-0.72ratio range

Median FMR$1,510

Median Market$2,115

vs market-$605

FMR is below market; voucher rent may lag private rents.

2 BR- 1 ZIP

0.75ratio

FMR$1,780

Market$2,380

vs market-$600

FMR is below market; voucher rent may lag private rents.

0.54-0.75

3 BR

3 BR- 1 ZIP

0.61ratio

FMR$1,640

Market$2,710

vs market-$1,070

FMR is below market; voucher rent may lag private rents.

3 BR- 1 ZIP

0.76ratio

FMR$1,960

Market$2,590

vs market-$630

FMR is below market; voucher rent may lag private rents.

3 BR- 1 ZIP

0.81ratio

FMR$2,260

Market$2,780

vs market-$520

FMR is below market; voucher rent may lag private rents.

3 BR- 1 ZIP

0.82ratio

FMR$1,880

Market$2,300

vs market-$420

FMR is below market; voucher rent may lag private rents.

0.61-0.82

4 BR

4 BR- 1 ZIP

0.66ratio

FMR$1,710

Market$2,600

vs market-$890

FMR is below market; voucher rent may lag private rents.

4 BR- 2 ZIPs

0.78-0.81ratio range

Median FMR$2,000

Median Market$2,520

vs market-$520

FMR is below market; voucher rent may lag private rents.

4 BR- 1 ZIP

0.89ratio

FMR$2,360

Market$2,650

vs market-$290

FMR is below market; voucher rent may lag private rents.

0.66-0.89

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: --

Dare County, NC fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 14 ZIP codes in Dare County, NC ranges from $1,290 to $1,780 a month, with a median of $1,510. That is up 5.6% from $1,430 in FY 2026. Dare County is its own non-metropolitan 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 county-wide two-bedroom FMR of $1,510. The median county two-bedroom FMR in North Carolina is $1,145, so Dare County is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Dare County, NC
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,120	$1,190	+6.3%	$1,071–$1,309
1BR	$1,300	$1,390	+6.9%	$1,251–$1,529
2BR	$1,430	$1,510	+5.6%	$1,359–$1,661
3BR	$1,820	$1,920	+5.5%	$1,728–$2,112
4BR	$1,890	$2,000	+5.8%	$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Dare County, NC
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,190	$1,390	$1,510	$1,920	$2,000
FY 2026	$1,120	$1,300	$1,430	$1,820	$1,890
FY 2025	$1,085	$1,265	$1,405	$1,865	$1,915
FY 2024area FMR	$1,000	$1,137	$1,280	$1,736	$1,800
FY 2023area FMR	$915	$982	$1,151	$1,571	$1,726

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. median
27948	$1,780	+17.9%
27936	$1,660	+9.9%
27943	$1,660	+9.9%
27949	$1,540	+2.0%
27915	$1,510	0.0%
27920	$1,510	0.0%
27968	$1,510	0.0%
27972	$1,510	0.0%
27982	$1,510	0.0%
27954	$1,480	−2.0%
27981	$1,480	−2.0%
27953	$1,390	−7.9%
27978	$1,390	−7.9%
27959	$1,290	−14.6%

Questions about Dare County, NC rents

How much will Section 8 pay for a two-bedroom in Dare County, NC?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,510, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,359 to $1,661 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 Dare County, NC in?

Dare County, NC is its own non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,510.

How much did fair market rent change in Dare County, NC for FY 2027?

The two-bedroom FMR rose 5.6%, from $1,430 in FY 2026 to $1,510 in FY 2027. Since FY 2025 it has risen 7.5%.

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

NC statewide rents What is SAFMR?Data sources