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 27943 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27943 (Hatteras, NC) is $1,660 a month. That is down 9.8% from $1,840 in FY 2026. Hatteras is in the Dare County, NC non-metropolitan 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 county-wide two-bedroom FMR of $1,510. Among 14 ZIP codes in Dare County, 27943 is tied for the 2nd-highest two-bedroom rent (county range $1,290–$1,780). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27943 is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 27943
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,440
$1,300
−9.7%
$1,170–$1,430
1BR
$1,680
$1,520
−9.5%
$1,368–$1,672
2BR
$1,840
$1,660
−9.8%
$1,494–$1,826
3BR
$2,340
$2,110
−9.8%
$1,899–$2,321
4BR
$2,440
$2,200
−9.8%
$1,980–$2,420
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 27943
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,520
$1,660
$2,110
$2,200
FY 2026
$1,440
$1,680
$1,840
$2,340
$2,440
FY 2025
$1,400
$1,630
$1,810
$2,400
$2,470
FY 2024area FMR
$1,000
$1,137
$1,280
$1,736
$1,800
FY 2023area FMR
$915
$982
$1,151
$1,571
$1,726
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 27943?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,510, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,359 to $1,661 a month; under the ZIP-level Small Area FMR of $1,660 it would be $1,494 to $1,826. 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 27943 in?
ZIP 27943 is in the Dare County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,510.
How much did fair market rent change in ZIP 27943 for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,840 in FY 2026 to $1,660 in FY 2027. Since FY 2025 it has fallen 8.3%.
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