Metro FMR area · NC · HUD FY 2027

Iredell County, NC Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Iredell County, NC area is $1,429 a month, 1% below the North Carolina average and 19% below the U.S. average of $1,765. ZIP-level Small Area FMRs for its 20 ZIP codes range from $1,010 to $2,140.

$1,4292-bedroom FMR+$89 (+6.6%) vs FY 2026
$1,3131-bedroom FMRU.S.: $1,482
$57,160Income for a 2-bedroomat 30% of income
196,544Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,429/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Iredell County, NC FMR	$1,429	$57,160	–
North Carolina average	$1,442	$57,698	–
U.S. average	$1,765	$70,612	–

Iredell County, NC Fair Market Rents, FY 2027 vs FY 2026
Unit	Iredell County, NC FY 2027	FY 2026	Change	North Carolina avg	U.S. avg	Income needed
Studio	$1,260	$1,167	+$93 (+8.0%)	$1,216	$1,382	$50,400
1 bedroom	$1,313	$1,222	+$91 (+7.4%)	$1,283	$1,482	$52,520
2 bedrooms	$1,429	$1,340	+$89 (+6.6%)	$1,442	$1,765	$57,160
3 bedrooms	$1,897	$1,809	+$88 (+4.9%)	$1,825	$2,272	$75,880
4 bedrooms	$2,389	$2,248	+$141 (+6.3%)	$2,258	$2,614	$95,560

Counties in this FMR area

Counties in the Iredell County, NC FMR area
County	Residents in area
Iredell County, NC	196,544

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 $1,210.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Iredell County, NC
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
27013	$1,060	$1,100	$1,210	$1,630	$2,030	−$40 (−3.2%)	15% below
27020	$830	$920	$1,010	$1,340	$1,610	+$20 (+2.0%)	29% below
27028	$880	$1,000	$1,090	$1,440	$1,750	+$30 (+2.8%)	24% below
27055	$840	$960	$1,040	$1,370	$1,670	+$50 (+5.1%)	27% below
28010	$1,260	$1,310	$1,430	$1,900	$2,390	+$90 (+6.7%)	about the same as
28036	$1,800	$1,880	$2,040	$2,510	$3,190	+$100 (+5.2%)	43% above
28115	$1,300	$1,360	$1,490	$1,970	$2,480	+$120 (+8.8%)	4% above
28117	$1,890	$1,970	$2,140	$2,840	$3,580	+$130 (+6.5%)	50% above
28123	$1,260	$1,310	$1,430	$1,900	$2,390	+$90 (+6.7%)	about the same as
28125	$1,100	$1,130	$1,390	$1,780	$2,330	+$70 (+5.3%)	3% below
28166	$1,350	$1,410	$1,530	$2,030	$2,560	+$40 (+2.7%)	7% above
28625	$1,020	$1,070	$1,160	$1,540	$1,940	+$50 (+4.5%)	19% below
28634	$930	$970	$1,060	$1,400	$1,760	+$50 (+5.0%)	26% below
28636	$1,060	$1,100	$1,210	$1,630	$2,030	−$40 (−3.2%)	15% below
28660	$1,060	$1,100	$1,210	$1,630	$2,030	−$40 (−3.2%)	15% below
28677	$1,060	$1,100	$1,210	$1,630	$2,030	−$40 (−3.2%)	15% below
28678	$1,060	$1,100	$1,210	$1,630	$2,030	−$40 (−3.2%)	15% below
28687	$1,260	$1,310	$1,430	$1,900	$2,390	+$90 (+6.7%)	about the same as
28688	$1,260	$1,310	$1,430	$1,900	$2,390	+$90 (+6.7%)	about the same as
28689	$920	$960	$1,080	$1,420	$1,720	+$60 (+5.9%)	24% below

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.