Metro FMR area · NC · HUD FY 2027

Rowan County, NC Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Rowan County, NC area is $1,262 a month, 12% below the North Carolina average and 28% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 22 ZIP codes range from $1,020 to $2,040.

$1,2622-bedroom FMR+$66 (+5.5%) vs FY 2026
$1,0121-bedroom FMRU.S.: $1,478
$50,480Income for a 2-bedroomat 30% of income
149,875Residents1 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$1,262/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Rowan County, NC FMR	$1,262	$50,480	–
North Carolina average	$1,441	$57,645	–
U.S. average	$1,761	$70,432	–

Rowan County, NC Fair Market Rents, FY 2027 vs FY 2026
Unit	Rowan County, NC FY 2027	FY 2026	Change	North Carolina avg	U.S. avg	Income needed
Studio	$992	$952	+$40 (+4.2%)	$1,215	$1,379	$39,680
1 bedroom	$1,012	$958	+$54 (+5.6%)	$1,282	$1,478	$40,480
2 bedrooms	$1,262	$1,196	+$66 (+5.5%)	$1,441	$1,761	$50,480
3 bedrooms	$1,604	$1,573	+$31 (+2.0%)	$1,823	$2,266	$64,160
4 bedrooms	$2,109	$2,006	+$103 (+5.1%)	$2,256	$2,607	$84,360

Counties in this FMR area

Counties in the Rowan County, NC FMR area
County	Residents in area
Rowan County, NC	149,875

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 $1,280.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Rowan 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%)	4% below
27054	$890	$940	$1,100	$1,430	$1,820	−$60 (−5.2%)	13% below
28023	$950	$970	$1,210	$1,540	$2,020	+$50 (+4.3%)	4% below
28036	$1,800	$1,880	$2,040	$2,510	$3,190	+$100 (+5.2%)	62% above
28039	$1,030	$1,050	$1,310	$1,660	$2,190	+$60 (+4.8%)	4% above
28041	$900	$910	$1,140	$1,450	$1,910	−$20 (−1.7%)	10% below
28071	$900	$930	$1,120	$1,420	$1,820	−$40 (−3.4%)	11% below
28072	$900	$910	$1,140	$1,450	$1,910	−$20 (−1.7%)	10% below
28081	$1,130	$1,170	$1,350	$1,670	$2,160	+$100 (+8.0%)	7% above
28083	$1,220	$1,260	$1,420	$1,750	$2,250	+$90 (+6.8%)	13% above
28088	$1,030	$1,060	$1,280	$1,600	$2,090	+$70 (+5.8%)	1% above
28115	$1,300	$1,360	$1,490	$1,970	$2,480	+$120 (+8.8%)	18% above
28125	$1,100	$1,130	$1,390	$1,780	$2,330	+$70 (+5.3%)	10% above
28127	$790	$790	$1,020	$1,380	$1,520	+$50 (+5.2%)	19% below
28137	$1,000	$1,010	$1,310	$1,770	$1,940	+$150 (+12.9%)	4% above
28138	$990	$1,010	$1,250	$1,580	$2,070	+$10 (+0.8%)	1% below
28144	$1,030	$1,050	$1,310	$1,660	$2,190	+$60 (+4.8%)	4% above
28145	$990	$1,010	$1,260	$1,600	$2,110	+$60 (+5.0%)	about the same as
28146	$900	$910	$1,140	$1,450	$1,910	−$20 (−1.7%)	10% below
28147	$1,040	$1,060	$1,320	$1,680	$2,210	+$100 (+8.2%)	5% above
28159	$1,010	$1,030	$1,290	$1,640	$2,160	no change	2% above
28625	$1,020	$1,070	$1,160	$1,540	$1,940	+$50 (+4.5%)	8% 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.