HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Gates County, North Carolina (FY 2027)
$1,665 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Gates County, and it's the baseline every voucher in Gates is measured against.
Two-bedroom FMR
$1,665
-2.6% from FY 2026
Payment standard
$1,499–$1,832
90% to 110% of the FMR, two-bedroom
Income to afford
$66,600
a year, with rent at 30% of income
Rank in North Carolina
16th 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 | $1,468 | $1,321–$1,615 | $58,720 | $28.23/hr | -1.4% |
| 1 bedroom | $1,489 | $1,340–$1,638 | $59,560 | $28.63/hr | -1.6% |
| 2 bedroom | $1,665 | $1,499–$1,832 | $66,600 | $32.02/hr | -2.6% |
| 3 bedroom | $2,291 | $2,062–$2,520 | $91,640 | $44.06/hr | -3.1% |
| 4 bedroom | $2,708 | $2,437–$2,979 | $108,320 | $52.08/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 | $3,114 | $2,803–$3,425 |
| 6 bedroom Estimate | $3,520 | $3,168–$3,872 |
| 7 bedroom Estimate | $3,927 | $3,534–$4,320 |
| 8 bedroom Estimate | $4,333 | $3,900–$4,766 |
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 Gates actually rent for?
Search any address in Gates 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 Gates somewhere between $1,499 and $1,832. 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.
$1,665 a month is affordable, by HUD's 30% rule, on an income of roughly $66,600 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%$1,499 | Voucher pays at 100%$1,665 | Voucher pays at 110%$1,832 |
|---|---|---|---|---|
| $2,500 | $750 | $749 | $915 | $1,082 |
| $4,000 | $1,200 | $299 | $465 | $632 |
Rate history
The two-bedroom rate went down 3% from FY 2026 ($1,709) to FY 2027 ($1,665). Since FY 2020 it's up 139% in total, about 13.2% 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 | $585 | $588 | $697 | $1,005 | $1,221 | — |
| FY 2021 | $622 | $630 | $743 | $971 | $1,286 | +6.6% |
| FY 2022 | $663 | $677 | $795 | $1,023 | $1,317 | +7.0% |
| FY 2023 | $779 | $792 | $923 | $1,203 | $1,492 | +16.1% |
| FY 2024 | $905 | $908 | $1,050 | $1,431 | $1,781 | +13.8% |
| FY 2025 | $1,069 | $1,079 | $1,230 | $1,653 | $2,038 | +17.1% |
| FY 2026 | $1,489 | $1,513 | $1,709 | $2,364 | $2,794 | +38.9% |
| FY 2027In effect | $1,468 | $1,489 | $1,665 | $2,291 | $2,708 | -2.6% |
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 Gates, that runs from $1,468 for a studio up to $2,708 for four bedrooms, all five rates in the table above.
Gates is its own HUD metro area (Gates County, NC), so the rate here is set from rents inside the county rather than a wider region.
Among North Carolina's 100 counties, Gates ranks 16th for two-bedroom FMR. That's about 45% above the state median of $1,145 and about 57% above the national median county at $1,063. About 10,376 people live here, 96th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,540 in 27935 (Eure) and $1,900 in 27937 (Gates), with the 7 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.
Nearby counties
Two-bedroom FMR, with how each compares to Gates.
Hertford County
14 mi · 19,908 people
$1,012
-39%
Chowan County
19 mi · 13,836 people
$1,331
-20%
Perquimans County
21 mi · 13,244 people
$1,040
-38%
Bertie County
27 mi · 17,170 people
$1,081
-35%
Pasquotank County
28 mi · 40,834 people
$1,220
-27%
Camden County
31 mi · 10,927 people
$1,364
-18%
Northampton County
38 mi · 16,931 people
$1,012
-39%
Washington County
40 mi · 10,812 people
$1,012
-39%
Questions people ask
$1,665 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,468 for a studio, $1,489 for one bedroom, $2,291 for three and $2,708 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 Gates actually go for?
HUD's number is one input. Search any address in Gates for a rent estimate built from nearby comps. Free to start, no card.
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