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Home/NC/Franklin County

Franklin County, NC

CountySAFMR
Found 12 ZIPs
Zillow

County Median Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,060 – $1,470$720 – $1,480
1 BR$1,080 – $1,540$760 – $1,520
2 BR$1,220 – $1,670$940 – $1,730
3 BR$1,500 – $2,080$1,200 – $2,130
4 BR$1,980 – $2,780$1,220 – $2,330
5 BR$2,277Not available
6 BR$2,619Not available
7 BR$3,011Not available
8 BR$3,463Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
2
0.66-1.47
1 BR
2
0.71-1.42
2 BR
3
0.75-1.30
3 BR
2
0.75-1.25
4 BR
2
2
0.88-1.62
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Franklin County, NC fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 12 ZIP codes in Franklin County, NC ranges from $1,220 to $1,670 a month, with a median of $1,220. That is down 9.6% from $1,350 in FY 2026. Franklin County 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 Franklin County is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Franklin County, NC
BedroomsFY 2027Change90–110% range
Studio$1,060−9.4%$954–$1,166
1BR$1,080−9.2%$972–$1,188
2BR$1,220−9.6%$1,098–$1,342
3BR$1,500−9.6%$1,350–$1,650
4BR$1,980−10.0%$1,782–$2,178

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Franklin County, NC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,060$1,080$1,220$1,500$1,980
FY 2026$1,170$1,190$1,350$1,660$2,200
FY 2025$1,290$1,320$1,490$1,840$2,440
FY 2024$1,100$1,130$1,280$1,560$2,070
FY 2023$940$970$1,110$1,370$1,790

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
27587$1,670+36.9%
27596$1,320+8.2%
27508$1,2200.0%
27525$1,2200.0%
27537$1,2200.0%
27544$1,2200.0%
27549$1,2200.0%
27557$1,2200.0%
27589$1,2200.0%
27597$1,2200.0%
27816$1,2200.0%
27882$1,2200.0%

Questions about Franklin County, NC rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,220, that basic range is $1,098 to $1,342 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 Franklin County, NC in?

Franklin County, 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 Franklin County, NC for FY 2027?

The two-bedroom FMR fell 9.6%, from $1,350 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 9.9%.

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

NC statewide rentsWhat is SAFMR?Data sources