FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR
0.95ratio
FMR$1,500
Market$1,580
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR
0.94ratio
FMR$1,630
Market$1,730
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR
1.14ratio
FMR$1,990
Market$1,750
vs market+$240
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR
1.19ratio
FMR$2,530
Market$2,120
vs market+$410
FMR is above market; underwrite to market rent.
1.19
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 28026 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28026 (Concord, NC) is $1,630 a month. That is up 7.9% from $1,510 in FY 2026. Concord is in the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 19 ZIP codes in Cabarrus County, 28026 is tied for the 10th-highest two-bedroom rent (county range $1,020–$2,680). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28026 is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 28026
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,320
$1,440
+9.1%
$1,296–$1,584
1BR
$1,380
$1,500
+8.7%
$1,350–$1,650
2BR
$1,510
$1,630
+7.9%
$1,467–$1,793
3BR
$1,860
$1,990
+7.0%
$1,791–$2,189
4BR
$2,360
$2,530
+7.2%
$2,277–$2,783
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 28026
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,440
$1,500
$1,630
$1,990
$2,530
FY 2026
$1,320
$1,380
$1,510
$1,860
$2,360
FY 2025
$1,400
$1,450
$1,610
$1,990
$2,520
FY 2024
$1,170
$1,200
$1,350
$1,680
$2,160
FY 2023
$1,000
$1,020
$1,150
$1,460
$1,880
Two-bedroom rent in nearby Cabarrus County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 28026?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,630, that basic range is $1,467 to $1,793 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 28026 in?
ZIP 28026 is in the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 28026 for FY 2027?
The two-bedroom FMR rose 7.9%, from $1,510 in FY 2026 to $1,630 in FY 2027. Since FY 2023 it has risen 41.7%.
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