FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR
1.05ratio
FMR$1,540
Market$1,470
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
0.98ratio
FMR$1,810
Market$1,850
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.98
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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ZIP 27412 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27412 (Greensboro, NC) is $1,190 a month. That is down 7.0% from $1,280 in FY 2026. Greensboro is in the Greensboro-High Point, NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 52 ZIP codes in Guilford County, 27412 is tied for the 39th-highest two-bedroom rent (county range $1,010–$1,910). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27412 is 4% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 27412
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,120
$1,050
−6.2%
$945–$1,155
1BR
$1,170
$1,090
−6.8%
$981–$1,199
2BR
$1,280
$1,190
−7.0%
$1,071–$1,309
3BR
$1,640
$1,540
−6.1%
$1,386–$1,694
4BR
$1,890
$1,810
−4.2%
$1,629–$1,991
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 27412
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,050
$1,090
$1,190
$1,540
$1,810
FY 2026
$1,120
$1,170
$1,280
$1,640
$1,890
FY 2025
$990
$1,030
$1,140
$1,450
$1,630
FY 2024
$1,040
$1,070
$1,200
$1,530
$1,720
FY 2023
$920
$950
$1,070
$1,380
$1,550
Two-bedroom rent in nearby Guilford County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 27412?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 ZIP 27412 in?
ZIP 27412 is in the Greensboro-High Point, NC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 27412 for FY 2027?
The two-bedroom FMR fell 7.0%, from $1,280 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 11.2%.
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