FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR
0.91ratio
FMR$1,644
Market$1,800
vs market-$156
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR
0.91ratio
FMR$1,932
Market$2,120
vs market-$188
FMR is near market; voucher and private rents are aligned.
0.91
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 27497 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 27497 (Greensboro, NC) is $1,271 a month. That is down 4.4% from $1,330 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. The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27497 is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 27497
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,159
$1,121
−3.3%
$1,009–$1,233
1BR
$1,213
$1,168
−3.7%
$1,051–$1,285
2BR
$1,330
$1,271
−4.4%
$1,144–$1,398
3BR
$1,703
$1,644
−3.5%
$1,480–$1,808
4BR
$1,960
$1,932
−1.4%
$1,739–$2,125
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 27497
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,121
$1,168
$1,271
$1,644
$1,932
FY 2026
$1,159
$1,213
$1,330
$1,703
$1,960
FY 2025
$999
$1,039
$1,150
$1,463
$1,646
FY 2024
$1,011
$1,042
$1,170
$1,493
$1,680
FY 2023
$893
$920
$1,039
$1,339
$1,502
Questions about ZIP 27497 rents
How much will Section 8 pay for a two-bedroom in ZIP 27497?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,271, that basic range is $1,144 to $1,398 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 27497 in?
ZIP 27497 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 27497 for FY 2027?
The two-bedroom FMR fell 4.4%, from $1,330 in FY 2026 to $1,271 in FY 2027. Since FY 2023 it has risen 22.3%.
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 Fair Market Rents. 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