HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Dare County, North Carolina (FY 2027)
$1,510 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Dare County, and it's the baseline every voucher in Dare is measured against.
Two-bedroom FMR
$1,510
+5.6% from FY 2026
Payment standard
$1,359–$1,661
90% to 110% of the FMR, two-bedroom
Income to afford
$60,400
a year, with rent at 30% of income
Rank in North Carolina
18th 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 | $1,194 | $1,075–$1,313 | $47,760 | $22.96/hr | +6.6% |
| 1 bedroom | $1,387 | $1,248–$1,526 | $55,480 | $26.67/hr | +6.3% |
| 2 bedroom | $1,510 | $1,359–$1,661 | $60,400 | $29.04/hr | +5.6% |
| 3 bedroom | $1,918 | $1,726–$2,110 | $76,720 | $36.88/hr | +5.3% |
| 4 bedroom | $2,001 | $1,801–$2,201 | $80,040 | $38.48/hr | +5.7% |
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 | $2,301 | $2,071–$2,531 |
| 6 bedroom Estimate | $2,601 | $2,341–$2,861 |
| 7 bedroom Estimate | $2,901 | $2,611–$3,191 |
| 8 bedroom Estimate | $3,202 | $2,882–$3,522 |
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 Dare actually rent for?
Search any address in Dare 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 Dare somewhere between $1,359 and $1,661. 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.
$1,510 a month is affordable, by HUD's 30% rule, on an income of roughly $60,400 a year. Put another way, $29 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%$1,359 | Voucher pays at 100%$1,510 | Voucher pays at 110%$1,661 |
|---|---|---|---|---|
| $2,500 | $750 | $609 | $760 | $911 |
| $4,000 | $1,200 | $159 | $310 | $461 |
Rate history
The two-bedroom rate went up 6% from FY 2026 ($1,430) to FY 2027 ($1,510). Since FY 2020 it's up 61% in total, about 7.1% 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 | $785 | $790 | $937 | $1,333 | $1,555 | — |
| FY 2021 | $837 | $852 | $976 | $1,347 | $1,594 | +4.2% |
| FY 2022 | $866 | $895 | $1,054 | $1,415 | $1,658 | +8.0% |
| FY 2023 | $915 | $982 | $1,151 | $1,571 | $1,726 | +9.2% |
| FY 2024 | $1,000 | $1,137 | $1,280 | $1,736 | $1,800 | +11.2% |
| FY 2025 | $1,090 | $1,269 | $1,411 | $1,874 | $1,922 | +10.2% |
| FY 2026 | $1,120 | $1,305 | $1,430 | $1,821 | $1,893 | +1.3% |
| FY 2027In effect | $1,194 | $1,387 | $1,510 | $1,918 | $2,001 | +5.6% |
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 Dare, that runs from $1,194 for a studio up to $2,001 for four bedrooms, all five rates in the table above.
Because Dare sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Avon included.
Among North Carolina's 100 counties, Dare ranks 18th for two-bedroom FMR. That's about 32% above the state median of $1,145 and about 42% above the national median county at $1,063. About 37,875 people live here, 65th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,290 in 27959 (Nags Head) and $1,780 in 27948 (Kill Devil Hills), with the 14 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 |
|---|---|---|---|
| 27915 | Avon | $1,510 | 0.0% |
| 27920 | Buxton | $1,510 | 0.0% |
| 27936 | Frisco | $1,660 | +9.9% |
| 27943 | Hatteras | $1,660 | +9.9% |
| 27948 | Kill Devil Hills | $1,780 | +17.9% |
| 27949 | Kitty Hawk | $1,540 | +2.0% |
| 27953 | Manns Harbor | $1,390 | -7.9% |
| 27954 | Manteo | $1,480 | -2.0% |
| 27959 | Nags Head | $1,290 | -14.6% |
| 27968 | Rodanthe | $1,510 | 0.0% |
| 27972 | Salvo | $1,510 | 0.0% |
| 27978 | Stumpy Point | $1,390 | -7.9% |
| 27981 | Wanchese | $1,480 | -2.0% |
| 27982 | Waves | $1,510 | 0.0% |
Nearby counties
Two-bedroom FMR, with how each compares to Dare.
Hyde County
35 mi · 4,592 people
$1,012
-33%
Tyrrell County
39 mi · 3,423 people
$1,012
-33%
Currituck County
49 mi · 30,601 people
$1,667
+10%
Pasquotank County
56 mi · 40,834 people
$1,220
-19%
Washington County
56 mi · 10,812 people
$1,012
-33%
Camden County
57 mi · 10,927 people
$1,364
-10%
Perquimans County
62 mi · 13,244 people
$1,040
-31%
Chowan County
67 mi · 13,836 people
$1,331
-12%
Questions people ask
$1,510 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,194 for a studio, $1,387 for one bedroom, $1,918 for three and $2,001 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 Dare actually go for?
HUD's number is one input. Search any address in Dare for a rent estimate built from nearby comps. Free to start, no card.
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