28115
ZIPSAFMR
Rowan County, NC
BRFMR
Eff. Rent
0 BR$1,190$1,190
1 BR$1,250$1,250
2 BR$1,370$1,370
3 BR$1,850$1,760
4 BR$2,310$2,140
5 BR$2,657
6 BR$3,055
7 BR$3,513
8 BR$4,040

Market Alignment

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

Studio
Studio
0.88ratio
FMR$1,190
Market$1,360
vs market-$170

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

0.88
1 BR
1 BR
0.95ratio
FMR$1,250
Market$1,320
vs market-$70

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.95
2 BR
2 BR
0.92ratio
FMR$1,370
Market$1,490
vs market-$120

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

0.92
3 BR
3 BR
1.05ratio
FMR$1,850
Market$1,760
vs market+$90

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.05
4 BR
4 BR
1.08ratio
FMR$2,310
Market$2,140
vs market+$170

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1.08
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit 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
$141,665
Rent
$1,370
Down payment
$28,333
Loan
$113,332
Mortgage
$716
Expenses
$454
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 28115 (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.