FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR
1.11ratio
FMR$1,240
Market$1,120
vs market+$120
FMR is above market; underwrite to market rent.
1.11
2 BR
2 BR
1.02ratio
FMR$1,350
Market$1,330
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
1.00ratio
FMR$1,660
Market$1,660
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR
1.14ratio
FMR$2,090
Market$1,840
vs market+$250
FMR is above market; underwrite to market rent.
1.14
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
--
ZIP 27216 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27216 (Burlington, NC) is $1,350 a month. That is unchanged from FY 2026. Burlington is in the Burlington, 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 $1,348. Among 16 ZIP codes in Alamance County, 27216 is tied for the 6th-highest two-bedroom rent (county range $1,060–$1,540). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27216 is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 27216
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,080
+9.1%
$972–$1,188
1BR
$1,230
$1,240
+0.8%
$1,116–$1,364
2BR
$1,350
$1,350
0.0%
$1,215–$1,485
3BR
$1,670
$1,660
−0.6%
$1,494–$1,826
4BR
$1,970
$2,090
+6.1%
$1,881–$2,299
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 27216
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,240
$1,350
$1,660
$2,090
FY 2026
$990
$1,230
$1,350
$1,670
$1,970
FY 2025
$870
$1,100
$1,220
$1,540
$1,810
FY 2024
$830
$1,050
$1,220
$1,530
$1,720
FY 2023
$710
$830
$1,020
$1,280
$1,390
Two-bedroom rent in nearby Alamance County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 27216?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,348, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,213 to $1,483 a month; under the ZIP-level Small Area FMR of $1,350 it would be $1,215 to $1,485. 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 ZIP 27216 in?
ZIP 27216 is in the Burlington, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,348.
How much did fair market rent change in ZIP 27216 for FY 2027?
The two-bedroom FMR was unchanged at $1,350 in FY 2027. Since FY 2023 it has risen 32.4%.
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