28625
ZIPSAFMR
Iredell County, NC
BRFMR
Eff. Rent
0 BR$970$970
1 BR$1,010$1,010
2 BR$1,110$1,110
3 BR$1,500$1,500
4 BR$1,860$1,860
5 BR$2,139
6 BR$2,460
7 BR$2,829
8 BR$3,253

Market Alignment

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

Studio
Studio
0.60ratio
FMR$970
Market$1,630
vs market-$660

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

0.60
1 BR
1 BR
0.62ratio
FMR$1,010
Market$1,620
vs market-$610

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

0.62
2 BR
2 BR
0.69ratio
FMR$1,110
Market$1,610
vs market-$500

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

0.69
3 BR
3 BR
0.84ratio
FMR$1,500
Market$1,780
vs market-$280

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

0.84
4 BR
4 BR
0.93ratio
FMR$1,860
Market$1,990
vs market-$130

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

0.93
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
$103,029
Rent
$1,110
Down payment
$20,606
Loan
$82,423
Mortgage
$521
Expenses
$389
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 28625 (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.