FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR
1.12ratio
FMR$1,560
Market$1,390
vs market+$170
FMR is above market; underwrite to market rent.
1.12
2 BR
2 BR
0.96ratio
FMR$1,750
Market$1,820
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR
1.11ratio
FMR$2,170
Market$1,950
vs market+$220
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR
1.20ratio
FMR$2,490
Market$2,070
vs market+$420
FMR is above market; underwrite to market rent.
1.20
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 27708 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27708 (Durham, NC) is $1,750 a month. That is up 2.9% from $1,700 in FY 2026. Durham is in the Durham-Chapel Hill, NC HUD Metro FMR Area. 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 $1,745. Among 22 ZIP codes in Durham County, 27708 is tied for the 14th-highest two-bedroom rent (county range $1,540–$2,120). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27708 is 53% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 27708
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,410
$1,500
+6.4%
$1,350–$1,650
1BR
$1,500
$1,560
+4.0%
$1,404–$1,716
2BR
$1,700
$1,750
+2.9%
$1,575–$1,925
3BR
$2,110
$2,170
+2.8%
$1,953–$2,387
4BR
$2,530
$2,490
−1.6%
$2,241–$2,739
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 27708
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,560
$1,750
$2,170
$2,490
FY 2026
$1,410
$1,500
$1,700
$2,110
$2,530
FY 2025
$1,490
$1,570
$1,800
$2,240
$2,700
FY 2024
$1,400
$1,430
$1,650
$2,070
$2,540
FY 2023
$1,130
$1,140
$1,320
$1,680
$2,040
Two-bedroom rent in nearby Durham County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 27708?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,745, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,571 to $1,920 a month; under the ZIP-level Small Area FMR of $1,750 it would be $1,575 to $1,925. 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 27708 in?
ZIP 27708 is in the Durham-Chapel Hill, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,745.
How much did fair market rent change in ZIP 27708 for FY 2027?
The two-bedroom FMR rose 2.9%, from $1,700 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 32.6%.
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