27615
ZIPSAFMR
Wake County, NC
BRFMR
Eff. Rent
0 BR$1,720$1,180
1 BR$1,800$1,220
2 BR$1,970$1,760
3 BR$2,470$2,120
4 BR$3,300$3,300
5 BR$3,795
6 BR$4,364
7 BR$5,019
8 BR$5,772

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
1.46ratio
FMR$1,720
Market$1,180
vs market+$540

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.46
1 BR
1 BR
1.48ratio
FMR$1,800
Market$1,220
vs market+$580

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.48
2 BR
2 BR
1.12ratio
FMR$1,970
Market$1,760
vs market+$210

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.12
3 BR
3 BR
1.17ratio
FMR$2,470
Market$2,120
vs market+$350

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.17
4 BR
4 BR
0.99ratio
FMR$3,300
Market$3,330
vs market-$30

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.99
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$230,825
Rent
$1,970
Down payment
$46,165
Loan
$184,660
Mortgage
$1,167
Expenses
$603
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 27615 (NC) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.