Metro FMR area · NC · HUD FY 2027
Hickory-Lenoir-Morganton, NC Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Hickory-Lenoir-Morganton, NC area is $1,147 a month, 20% below the North Carolina average and 35% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 43 ZIP codes range from $1,010 to $1,720.
- $1,1472-bedroom FMR+$52 (+4.7%) vs FY 2026
- $9651-bedroom FMRU.S.: $1,478
- $45,880Income for a 2-bedroomat 30% of income
- 368,316Residents4 counties
| Unit | Hickory-Lenoir-Morganton, NC FY 2027 | FY 2026 | Change | North Carolina avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $961 | $858 | +$103 (+12.0%) | $1,215 | $1,379 | $38,440 |
| 1 bedroom | $965 | $908 | +$57 (+6.3%) | $1,282 | $1,478 | $38,600 |
| 2 bedrooms | $1,147 | $1,095 | +$52 (+4.7%) | $1,441 | $1,761 | $45,880 |
| 3 bedrooms | $1,399 | $1,372 | +$27 (+2.0%) | $1,823 | $2,266 | $55,960 |
| 4 bedrooms | $1,707 | $1,660 | +$47 (+2.8%) | $2,256 | $2,607 | $68,280 |
Counties in this FMR area
| County | Residents in area |
|---|---|
| Alexander County, NC | 36,412 |
| Burke County, NC | 87,795 |
| Caldwell County, NC | 80,536 |
| Catawba County, NC | 163,573 |
Small Area FMRs by ZIP code
Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,140.
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 28037 | $1,160 | $1,200 | $1,320 | $1,800 | $2,180 | +$70 (+5.6%) | 15% above |
| 28090 | $850 | $870 | $1,010 | $1,390 | $1,560 | −$50 (−4.7%) | 12% below |
| 28092 | $960 | $1,000 | $1,090 | $1,510 | $1,820 | +$80 (+7.9%) | 5% below |
| 28168 | $890 | $920 | $1,030 | $1,360 | $1,650 | −$30 (−2.8%) | 10% below |
| 28601 | $1,110 | $1,110 | $1,320 | $1,610 | $1,960 | +$60 (+4.8%) | 15% above |
| 28602 | $1,050 | $1,050 | $1,250 | $1,520 | $1,860 | +$110 (+9.6%) | 9% above |
| 28603 | $1,050 | $1,050 | $1,250 | $1,520 | $1,860 | +$80 (+6.8%) | 9% above |
| 28605 | $930 | $1,140 | $1,330 | $1,760 | $2,220 | +$130 (+10.8%) | 16% above |
| 28606 | $900 | $910 | $1,070 | $1,360 | $1,620 | +$120 (+12.6%) | 7% below |
| 28609 | $1,270 | $1,280 | $1,520 | $1,850 | $2,260 | +$150 (+10.9%) | 33% above |
| 28610 | $980 | $980 | $1,170 | $1,430 | $1,740 | +$30 (+2.6%) | 2% above |
| 28611 | $870 | $920 | $1,100 | $1,390 | $1,700 | +$70 (+6.8%) | 4% below |
| 28612 | $950 | $950 | $1,130 | $1,380 | $1,680 | +$50 (+4.6%) | 1% below |
| 28613 | $950 | $950 | $1,130 | $1,380 | $1,680 | +$60 (+5.6%) | 1% below |
| 28619 | $850 | $850 | $1,010 | $1,240 | $1,510 | +$60 (+6.3%) | 12% below |
| 28624 | $870 | $910 | $1,070 | $1,390 | $1,660 | +$100 (+10.3%) | 7% below |
| 28625 | $1,020 | $1,070 | $1,160 | $1,540 | $1,940 | +$50 (+4.5%) | 1% above |
| 28628 | $960 | $960 | $1,140 | $1,390 | $1,700 | +$50 (+4.6%) | 1% below |
| 28630 | $950 | $950 | $1,130 | $1,380 | $1,680 | +$20 (+1.8%) | 1% below |
| 28633 | $850 | $850 | $1,010 | $1,240 | $1,510 | +$30 (+3.1%) | 12% below |
| 28636 | $1,060 | $1,100 | $1,210 | $1,630 | $2,030 | −$40 (−3.2%) | 5% above |
| 28637 | $850 | $850 | $1,010 | $1,240 | $1,510 | +$40 (+4.1%) | 12% below |
| 28638 | $850 | $850 | $1,010 | $1,240 | $1,510 | +$60 (+6.3%) | 12% below |
| 28641 | $780 | $820 | $1,010 | $1,340 | $1,530 | +$60 (+6.3%) | 12% below |
| 28645 | $850 | $890 | $1,060 | $1,360 | $1,780 | −$90 (−7.8%) | 8% below |
| 28647 | $960 | $970 | $1,150 | $1,400 | $1,710 | +$70 (+6.5%) | about the same as |
| 28650 | $860 | $870 | $1,010 | $1,330 | $1,560 | −$50 (−4.7%) | 12% below |
| 28654 | $1,070 | $1,090 | $1,260 | $1,670 | $1,930 | +$60 (+5.0%) | 10% above |
| 28655 | $1,300 | $1,510 | $1,660 | $2,010 | $2,780 | +$290 (+21.2%) | 45% above |
| 28657 | $780 | $820 | $1,010 | $1,340 | $1,530 | +$60 (+6.3%) | 12% below |
| 28658 | $1,060 | $1,060 | $1,260 | $1,540 | $1,870 | +$60 (+5.0%) | 10% above |
| 28661 | $850 | $850 | $1,010 | $1,240 | $1,510 | +$30 (+3.1%) | 12% below |
| 28666 | $980 | $980 | $1,160 | $1,420 | $1,730 | +$60 (+5.5%) | 1% above |
| 28667 | $910 | $910 | $1,080 | $1,320 | $1,610 | +$50 (+4.9%) | 6% below |
| 28671 | $960 | $960 | $1,140 | $1,390 | $1,700 | +$60 (+5.6%) | 1% below |
| 28673 | $1,360 | $1,360 | $1,620 | $1,980 | $2,410 | −$20 (−1.2%) | 41% above |
| 28678 | $1,060 | $1,100 | $1,210 | $1,630 | $2,030 | −$40 (−3.2%) | 5% above |
| 28680 | $960 | $970 | $1,150 | $1,400 | $1,710 | +$70 (+6.5%) | about the same as |
| 28681 | $850 | $850 | $1,010 | $1,240 | $1,510 | +$30 (+3.1%) | 12% below |
| 28682 | $1,440 | $1,450 | $1,720 | $2,100 | $2,560 | +$80 (+4.9%) | 50% above |
| 28689 | $920 | $960 | $1,080 | $1,420 | $1,720 | +$60 (+5.9%) | 6% below |
| 28690 | $1,010 | $1,010 | $1,200 | $1,460 | $1,790 | +$110 (+10.1%) | 5% above |
| 28761 | $1,000 | $1,050 | $1,170 | $1,490 | $1,560 | +$180 (+18.2%) | 2% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.