For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27815 (Rocky Mount, NC) is $1,090 a month. That is up 2.8% from $1,060 in FY 2026. Rocky Mount is in the Rocky Mount, NC MSA. 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 $1,167. Among 16 ZIP codes in Edgecombe County, 27815 is tied for the 8th-highest two-bedroom rent (county range $1,030–$1,380). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27815 is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 27815
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$900
+5.9%
$810–$990
1BR
$850
$910
+7.1%
$819–$1,001
2BR
$1,060
$1,090
+2.8%
$981–$1,199
3BR
$1,440
$1,460
+1.4%
$1,314–$1,606
4BR
$1,680
$1,670
−0.6%
$1,503–$1,837
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 27815
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$900
$910
$1,090
$1,460
$1,670
FY 2026
$850
$850
$1,060
$1,440
$1,680
FY 2025
$800
$800
$1,000
$1,370
$1,580
FY 2024
$770
$770
$960
$1,290
$1,470
FY 2023
$660
$670
$830
$1,130
$1,230
Two-bedroom rent in nearby Edgecombe County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 27815?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,167, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,050 to $1,284 a month; under the ZIP-level Small Area FMR of $1,090 it would be $981 to $1,199. 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 27815 in?
ZIP 27815 is in the Rocky Mount, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,167.
How much did fair market rent change in ZIP 27815 for FY 2027?
The two-bedroom FMR rose 2.8%, from $1,060 in FY 2026 to $1,090 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 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