FMR is below market; voucher rent may lag private rents.
0.83
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 27586 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 27586 (Vaughan, NC) is $1,012 a month. That is up 9.4% from $925 in FY 2026. Vaughan is in the Warren County, NC non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27586 is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 27586
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$700
$769
+9.9%
$692–$846
1BR
$705
$774
+9.8%
$697–$851
2BR
$925
$1,012
+9.4%
$911–$1,113
3BR
$1,172
$1,260
+7.5%
$1,134–$1,386
4BR
$1,239
$1,378
+11.2%
$1,240–$1,516
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 27586
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$769
$774
$1,012
$1,260
$1,378
FY 2026
$700
$705
$925
$1,172
$1,239
FY 2025
$704
$709
$930
$1,127
$1,233
FY 2024
$647
$651
$856
$1,084
$1,182
FY 2023
$584
$588
$771
$987
$1,313
Questions about ZIP 27586 rents
How much will Section 8 pay for a two-bedroom in ZIP 27586?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,012, that basic range is $911 to $1,113 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 27586 in?
ZIP 27586 is in the Warren County, NC non-metropolitan FMR area.
How much did fair market rent change in ZIP 27586 for FY 2027?
The two-bedroom FMR rose 9.4%, from $925 in FY 2026 to $1,012 in FY 2027. Since FY 2023 it has risen 31.3%.
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