Metro FMR area · NC · HUD FY 2027

Raleigh-Cary, NC Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Raleigh-Cary, NC area is $1,689 a month, 17% above the North Carolina average and 4% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 86 ZIP codes range from $1,220 to $2,140.

$1,6892-bedroom FMR−$61 (−3.5%) vs FY 2026
$1,5521-bedroom FMRU.S.: $1,478
$67,560Income for a 2-bedroomat 30% of income
1,487,302Residents3 counties

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$1,689/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Raleigh-Cary, NC FMR	$1,689	$67,560	–
North Carolina average	$1,441	$57,645	–
U.S. average	$1,761	$70,432	–

Raleigh-Cary, NC Fair Market Rents, FY 2027 vs FY 2026
Unit	Raleigh-Cary, NC FY 2027	FY 2026	Change	North Carolina avg	U.S. avg	Income needed
Studio	$1,489	$1,524	−$35 (−2.3%)	$1,215	$1,379	$59,560
1 bedroom	$1,552	$1,596	−$44 (−2.8%)	$1,282	$1,478	$62,080
2 bedrooms	$1,689	$1,750	−$61 (−3.5%)	$1,441	$1,761	$67,560
3 bedrooms	$2,103	$2,196	−$93 (−4.2%)	$1,823	$2,266	$84,120
4 bedrooms	$2,823	$2,936	−$113 (−3.8%)	$2,256	$2,607	$112,920

Counties in this FMR area

Counties in the Raleigh-Cary, NC FMR area
County	Residents in area
Franklin County, NC	74,386
Johnston County, NC	234,263
Wake County, NC	1,178,653

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 $1,740.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Raleigh-Cary, NC
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
27501	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27502	$1,820	$1,890	$2,060	$2,570	$3,440	−$80 (−3.7%)	22% above
27504	$1,060	$1,090	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27508	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27511	$1,420	$1,480	$1,610	$2,000	$2,690	−$10 (−0.6%)	5% below
27512	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27513	$1,620	$1,690	$1,840	$2,290	$3,080	−$80 (−4.2%)	9% above
27518	$1,590	$1,650	$1,800	$2,240	$3,010	−$100 (−5.3%)	7% above
27519	$1,880	$1,960	$2,140	$2,660	$3,550	−$100 (−4.5%)	27% above
27520	$1,450	$1,510	$1,640	$2,040	$2,740	+$10 (+0.6%)	3% below
27522	$1,140	$1,230	$1,340	$1,650	$2,030	−$60 (−4.3%)	21% below
27523	$1,820	$1,900	$2,080	$2,580	$3,390	−$30 (−1.4%)	23% above
27524	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27525	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27526	$1,540	$1,600	$1,760	$2,220	$2,940	−$70 (−3.8%)	4% above
27527	$1,680	$1,750	$1,900	$2,370	$3,180	−$10 (−0.5%)	12% above
27528	$1,110	$1,160	$1,260	$1,570	$2,110	−$90 (−6.7%)	25% below
27529	$1,390	$1,450	$1,580	$1,970	$2,640	−$80 (−4.8%)	6% below
27537	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27539	$1,750	$1,830	$1,990	$2,480	$3,330	−$50 (−2.5%)	18% above
27540	$1,820	$1,890	$2,060	$2,570	$3,450	−$50 (−2.4%)	22% above
27542	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27544	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27545	$1,570	$1,640	$1,780	$2,220	$2,980	−$10 (−0.6%)	5% above
27549	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27555	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27557	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27560	$1,860	$1,940	$2,120	$2,640	$3,460	−$110 (−4.9%)	26% above
27562	$1,730	$1,800	$1,970	$2,450	$3,250	−$50 (−2.5%)	17% above
27568	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27569	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27571	$1,470	$1,540	$1,670	$2,080	$2,780	−$80 (−4.6%)	1% below
27576	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27577	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27587	$1,470	$1,540	$1,670	$2,080	$2,780	−$80 (−4.6%)	1% below
27588	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27589	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27591	$1,270	$1,320	$1,440	$1,790	$2,410	−$50 (−3.4%)	15% below
27592	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27593	$1,110	$1,160	$1,260	$1,570	$2,110	−$90 (−6.7%)	25% below
27596	$1,160	$1,210	$1,320	$1,640	$2,200	−$70 (−5.0%)	22% below
27597	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27601	$1,540	$1,610	$1,750	$2,180	$2,930	−$90 (−4.9%)	4% above
27602	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27603	$1,410	$1,470	$1,600	$1,990	$2,670	−$70 (−4.2%)	5% below
27604	$1,430	$1,490	$1,620	$2,020	$2,710	−$100 (−5.8%)	4% below
27605	$1,610	$1,680	$1,830	$2,280	$3,060	−$100 (−5.2%)	8% above
27606	$1,460	$1,520	$1,660	$2,070	$2,770	−$90 (−5.1%)	2% below
27607	$1,530	$1,590	$1,730	$2,150	$2,890	−$50 (−2.8%)	2% above
27608	$1,590	$1,650	$1,800	$2,240	$3,010	+$40 (+2.3%)	7% above
27609	$1,530	$1,590	$1,730	$2,150	$2,890	−$90 (−4.9%)	2% above
27610	$1,250	$1,300	$1,420	$1,770	$2,370	−$120 (−7.8%)	16% below
27611	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27612	$1,720	$1,790	$1,950	$2,430	$3,260	−$110 (−5.3%)	15% above
27613	$1,490	$1,550	$1,690	$2,110	$2,820	−$50 (−2.9%)	about the same as
27614	$1,540	$1,610	$1,750	$2,180	$2,930	−$110 (−5.9%)	4% above
27615	$1,660	$1,730	$1,880	$2,340	$3,140	−$90 (−4.6%)	11% above
27616	$1,530	$1,600	$1,740	$2,170	$2,910	−$80 (−4.4%)	3% above
27617	$1,680	$1,750	$1,910	$2,370	$3,170	−$100 (−5.0%)	13% above
27619	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27620	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27622	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27623	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27624	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27627	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27628	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27629	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27636	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27640	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27656	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27658	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27661	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27675	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27676	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27690	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27695	$1,530	$1,590	$1,730	$2,150	$2,890	−$50 (−2.8%)	2% above
27697	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27699	$1,530	$1,600	$1,740	$2,170	$2,910	−$70 (−3.9%)	3% above
27703	$1,570	$1,630	$1,830	$2,270	$2,610	+$80 (+4.6%)	8% above
27713	$1,650	$1,710	$1,920	$2,380	$2,740	+$20 (+1.1%)	14% above
27816	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27844	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27863	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
27882	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
28334	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% below
28366	$1,060	$1,080	$1,220	$1,500	$1,980	−$130 (−9.6%)	28% 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.