FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR
0.80ratio
FMR$960
Market$1,200
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR
1.02ratio
FMR$1,250
Market$1,230
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
1.01ratio
FMR$1,650
Market$1,640
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR
0.99ratio
FMR$1,990
Market$2,000
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
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
--
ZIP 28561 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28561 (New Bern, NC) is $1,250 a month. That is up 5.0% from $1,190 in FY 2026. New Bern is in the Craven 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 $1,246. Among 15 ZIP codes in Craven County, 28561 is tied for the 4th-highest two-bedroom rent (county range $1,080–$1,410). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28561 is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 28561
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$900
$950
+5.6%
$855–$1,045
1BR
$910
$960
+5.5%
$864–$1,056
2BR
$1,190
$1,250
+5.0%
$1,125–$1,375
3BR
$1,600
$1,650
+3.1%
$1,485–$1,815
4BR
$2,000
$1,990
−0.5%
$1,791–$2,189
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 28561
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$960
$1,250
$1,650
$1,990
FY 2026
$900
$910
$1,190
$1,600
$2,000
FY 2025
$1,000
$1,010
$1,320
$1,770
$2,220
FY 2024
$930
$940
$1,230
$1,660
$2,090
FY 2023
$830
$830
$1,090
$1,460
$1,860
Two-bedroom rent in nearby Craven County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 28561?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,246, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,121 to $1,371 a month; under the ZIP-level Small Area FMR of $1,250 it would be $1,125 to $1,375. 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 28561 in?
ZIP 28561 is in the Craven County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,246.
How much did fair market rent change in ZIP 28561 for FY 2027?
The two-bedroom FMR rose 5.0%, from $1,190 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 14.7%.
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