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Home/NC/New Hanover County

New Hanover County, NC

CountySAFMR
Found 15 ZIPs
Zillow

County Median Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$1,030 – $1,780$1,130 – $1,960
1 BR$1,370 – $2,350$1,310 – $1,780
2 BR$1,500 – $2,560$1,600 – $2,340
3 BR$1,970 – $3,360$2,000 – $3,700
4 BR$2,090 – $3,360$2,260 – $3,700
5 BR$2,588Not available
6 BR$2,976Not available
7 BR$3,422Not available
8 BR$3,935Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
4
0.54-0.97
1 BR
3
3
0.79-1.42
2 BR
6
0.64-1.14
3 BR
2
2
2
2
2
0.61-1.25
4 BR
3
0.52-1.04
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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New Hanover County, NC fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 15 ZIP codes in New Hanover County, NC ranges from $1,500 to $2,560 a month, with a median of $1,710. That is up 3.0% from $1,660 in FY 2026. New Hanover County is in the Wilmington, NC HUD Metro 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 metro-wide two-bedroom FMR of $1,705. The median county two-bedroom FMR in North Carolina is $1,145, so New Hanover County is 49% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for New Hanover County, NC
BedroomsFY 2027Change90–110% range
Studio$1,190+4.4%$1,071–$1,309
1BR$1,570+4.0%$1,413–$1,727
2BR$1,710+3.0%$1,539–$1,881
3BR$2,250+3.2%$2,025–$2,475
4BR$2,250−3.0%$2,025–$2,475

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for New Hanover County, NC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,190$1,570$1,710$2,250$2,250
FY 2026$1,140$1,510$1,660$2,180$2,320
FY 2025$1,080$1,430$1,580$2,090$2,490
FY 2024$1,030$1,350$1,520$2,010$2,570
FY 2023$850$1,110$1,260$1,670$2,150

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
28480$2,560+49.7%
28411$2,100+22.8%
28409$1,940+13.5%
28428$1,840+7.6%
28412$1,780+4.1%
28449$1,750+2.3%
28405$1,740+1.8%
28402$1,7100.0%
28404$1,7100.0%
28406$1,7100.0%
28408$1,7100.0%
28410$1,7100.0%
28403$1,690−1.2%
28401$1,500−12.3%
28429$1,500−12.3%

Questions about New Hanover County, NC rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,705, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,535 to $1,876 a month; under the ZIP-level Small Area FMR of $1,710 it would be $1,539 to $1,881. 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 New Hanover County, NC in?

New Hanover County, NC is in the Wilmington, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,705.

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

The two-bedroom FMR rose 3.0%, from $1,660 in FY 2026 to $1,710 in FY 2027. Since FY 2023 it has risen 35.7%.

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