28038
ZIPSAFMR
Cleveland County, NC
BRFMR
Eff. Rent
0 BR$760$760
1 BR$770$770
2 BR$930$930
3 BR$1,290$1,290
4 BR$1,330$1,330
5 BR$1,529
6 BR$1,759
7 BR$2,023
8 BR$2,326

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.66ratio
FMR$760
Market$1,150
vs market-$390

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.66
1 BR
1 BR
0.74ratio
FMR$770
Market$1,040
vs market-$270

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.74
2 BR
2 BR
0.74ratio
FMR$930
Market$1,250
vs market-$320

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.74
3 BR
3 BR
0.79ratio
FMR$1,290
Market$1,640
vs market-$350

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.79
4 BR
4 BR
0.76ratio
FMR$1,330
Market$1,760
vs market-$430

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.76
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$76,281
Rent
$930
Down payment
$15,256
Loan
$61,025
Mortgage
$386
Expenses
$344
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 28038 (NC) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.