Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 27887 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 27887 (Tillery, NC) is $1,012 a month. That is up 9.4% from $925 in FY 2026. Tillery is in the Halifax 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 27887 is 12% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 27887
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$638
$782
+22.6%
$704–$860
1BR
$742
$787
+6.1%
$708–$866
2BR
$925
$1,012
+9.4%
$911–$1,113
3BR
$1,190
$1,375
+15.5%
$1,238–$1,513
4BR
$1,367
$1,583
+15.8%
$1,425–$1,741
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 27887
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$782
$787
$1,012
$1,375
$1,583
FY 2026
$638
$742
$925
$1,190
$1,367
FY 2025
$638
$737
$930
$1,141
$1,389
FY 2024
$600
$687
$885
$1,070
$1,327
FY 2023
$564
$640
$843
$1,026
$1,299
Questions about ZIP 27887 rents
How much will Section 8 pay for a two-bedroom in ZIP 27887?
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 27887 in?
ZIP 27887 is in the Halifax County, NC non-metropolitan FMR area.
How much did fair market rent change in ZIP 27887 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 20.0%.
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