HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Currituck County, North Carolina (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Currituck County is $1,667 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,667
-2.7% from FY 2026
Payment standard
$1,500–$1,834
90% to 110% of the FMR, two-bedroom
Income to afford
$66,680
a year, with rent at 30% of income
Rank in North Carolina
15th of 100
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,470 | $1,323–$1,617 | $58,800 | $28.27/hr | -1.5% |
| 1 bedroom | $1,488 | $1,339–$1,637 | $59,520 | $28.62/hr | -1.6% |
| 2 bedroom | $1,667 | $1,500–$1,834 | $66,680 | $32.06/hr | -2.7% |
| 3 bedroom | $2,298 | $2,068–$2,528 | $91,920 | $44.19/hr | -3.3% |
| 4 bedroom | $2,710 | $2,439–$2,981 | $108,400 | $52.12/hr | -3.1% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,117 | $2,805–$3,429 |
| 6 bedroom Estimate | $3,523 | $3,171–$3,875 |
| 7 bedroom Estimate | $3,930 | $3,537–$4,323 |
| 8 bedroom Estimate | $4,336 | $3,902–$4,770 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Currituck actually rent for?
Search any address in Currituck for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Currituck somewhere between $1,500 and $1,834. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,667 a month is affordable, by HUD's 30% rule, on an income of roughly $66,680 a year. Put another way, $32 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,500 | Voucher pays at 100%$1,667 | Voucher pays at 110%$1,834 |
|---|---|---|---|---|
| $2,500 | $750 | $750 | $917 | $1,084 |
| $4,000 | $1,200 | $300 | $467 | $634 |
Rate history
The two-bedroom rate went down 3% from FY 2026 ($1,713) to FY 2027 ($1,667). Since FY 2020 it's up 47% in total, about 5.6% a year. The North Carolina median moved up 5% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $952 | $958 | $1,136 | $1,603 | $1,994 | — |
| FY 2021 | $960 | $972 | $1,147 | $1,618 | $1,986 | +1.0% |
| FY 2022 | $993 | $1,015 | $1,193 | $1,676 | $2,042 | +4.0% |
| FY 2023 | $1,116 | $1,137 | $1,329 | $1,857 | $2,264 | +11.4% |
| FY 2024 | $1,279 | $1,287 | $1,493 | $2,079 | $2,532 | +12.3% |
| FY 2025 | $1,475 | $1,483 | $1,696 | $2,361 | $2,809 | +13.6% |
| FY 2026 | $1,492 | $1,512 | $1,713 | $2,376 | $2,797 | +1.0% |
| FY 2027In effect | $1,470 | $1,488 | $1,667 | $2,298 | $2,710 | -2.7% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Currituck, that runs from $1,470 for a studio up to $2,710 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Currituck in with 14 other counties in the Virginia Beach-Norfolk-Newport News metro, Virginia Beach city, Chesapeake city, Norfolk city among them, and every one of them gets $1,667 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among North Carolina's 100 counties, Currituck ranks 15th for two-bedroom FMR. That's about 46% above the state median of $1,145 and about 57% above the national median county at $1,063. About 30,601 people live here, 70th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,340 in 27939 (Grandy) and $1,780 in 27958 (Moyock), with the 15 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 27916 | Aydlett | $1,410 | -15.4% |
| 27917 | Barco | $1,410 | -15.4% |
| 27923 | Coinjock | $1,410 | -15.4% |
| 27927 | Corolla | $1,610 | -3.4% |
| 27929 | Currituck | $1,640 | -1.6% |
| 27939 | Grandy | $1,340 | -19.6% |
| 27941 | Harbinger | $1,660 | -0.4% |
| 27947 | Jarvisburg | $1,430 | -14.2% |
| 27950 | Knotts Island | $1,600 | -4.0% |
| 27956 | Maple | $1,410 | -15.4% |
| 27958 | Moyock | $1,780 | +6.8% |
| 27964 | Point Harbor | $1,530 | -8.2% |
| 27965 | Poplar Branch | $1,410 | -15.4% |
| 27966 | Powells Point | $1,680 | +0.8% |
| 27973 | Shawboro | $1,470 | -11.8% |
Counties sharing the Virginia Beach-Norfolk-Newport News metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,667 two-bedroom figure as Currituck.
Virginia Beach city
VA · 456,349 people
$1,667
Chesapeake city
VA · 252,583 people
$1,667
Norfolk city
VA · 233,596 people
$1,667
Newport News city
VA · 184,216 people
$1,667
Hampton city
VA · 137,557 people
$1,667
Suffolk city
VA · 98,796 people
$1,667
Portsmouth city
VA · 97,190 people
$1,667
James City County
VA · 81,013 people
$1,667
York County
VA · 71,005 people
$1,667
Isle of Wight County
VA · 39,974 people
$1,667
Gloucester County
VA · 39,526 people
$1,667
Williamsburg city
VA · 15,798 people
$1,667
Nearby counties
Two-bedroom FMR, with how each compares to Currituck.
Camden County
14 mi · 10,927 people
$1,364
-18%
Pasquotank County
17 mi · 40,834 people
$1,220
-27%
Perquimans County
30 mi · 13,244 people
$1,040
-38%
Tyrrell County
32 mi · 3,423 people
$1,012
-39%
Chowan County
40 mi · 13,836 people
$1,331
-20%
Gates County
45 mi · 10,376 people
$1,665
same rate
Washington County
47 mi · 10,812 people
$1,012
-39%
Dare County
49 mi · 37,875 people
$1,510
-9%
Questions people ask
$1,667 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,470 for a studio, $1,488 for one bedroom, $2,298 for three and $2,710 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Currituck actually go for?
HUD's number is one input. Search any address in Currituck for a rent estimate built from nearby comps. Free to start, no card.
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