HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Iredell County, North Carolina (FY 2026)
$1,340 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Iredell County, and it's the baseline every voucher in Iredell is measured against.
2 bedroom FMR
$1,340
FY 2026, utilities included
Payment standard range
$1,206 to $1,474
90% to 110% of FMR
Income to afford 2BR
$53,600
per year, at 30% of income
Rank in North Carolina
21st of 100
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Iredell moves to $1,429. That's up 7%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Iredell actually rent for?
Search any address in Iredell for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,167 | $1,050 to $1,284 | $46,680 | $22.44/hr | -3.2% |
| 1 bedroom | $1,222 | $1,100 to $1,344 | $48,880 | $23.50/hr | -2.5% |
| 2 bedroom | $1,340 | $1,206 to $1,474 | $53,600 | $25.77/hr | -3.4% |
| 3 bedroom | $1,809 | $1,628 to $1,990 | $72,360 | $34.79/hr | -5.2% |
| 4 bedroom | $2,248 | $2,023 to $2,473 | $89,920 | $43.23/hr | -3.5% |
5 to 8 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 | $2,585 | $2,327 to $2,844 |
| 6 bedroom Estimate | $2,922 | $2,630 to $3,214 |
| 7 bedroom Estimate | $3,260 | $2,934 to $3,586 |
| 8 bedroom Estimate | $3,597 | $3,237 to $3,957 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Iredell, that runs from $1,167 for a studio up to $2,248 for four bedrooms, all five rates in the table above.
Iredell is its own HUD metro area (Iredell County, NC), so the rate here is set from rents inside the county rather than a wider region.
Among North Carolina's 100 counties, Iredell ranks 21st for two-bedroom FMR. That's about 23% above the state median of $1,086 and about 32% above the national median county at $1,018. About 187,839 people live here, 14th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,010 in 28634 (Harmony) and $2,010 in 28117 (Mooresville), with the 12 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 |
|---|---|---|---|
| 28010 | Barium Springs | $1,340 | 0.0% |
| 28115 | Mooresville | $1,370 | +2.2% |
| 28117 | Mooresville | $2,010 | +50.0% |
| 28123 | Mount Mourne | $1,340 | 0.0% |
| 28166 | Troutman | $1,490 | +11.2% |
| 28625 | Statesville | $1,110 | -17.2% |
| 28634 | Harmony | $1,010 | -24.6% |
| 28660 | Olin | $1,250 | -6.7% |
| 28677 | Statesville | $1,250 | -6.7% |
| 28687 | Statesville | $1,340 | 0.0% |
| 28688 | Turnersburg | $1,340 | 0.0% |
| 28689 | Union Grove | $1,020 | -23.9% |
| 28699 | Scotts | $1,340County rate | — |
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 Iredell somewhere between $1,206 and $1,474. 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.
$1,340 a month is affordable, by HUD's 30% rule, on an income of roughly $53,600 a year. Put another way, $26 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,206) | HAP at 100% ($1,340) | HAP at 110% ($1,474) |
|---|---|---|---|---|
| $2,500 | $750 | $456 | $590 | $724 |
| $4,000 | $1,200 | $6 | $140 | $274 |
Rate history
The two-bedroom rate went down 3% from FY 2025 ($1,387) to FY 2026 ($1,340). Since FY 2020 it's up 53% in total, about 7.3% a year. The North Carolina median moved up 4% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $748 | $770 | $876 | $1,170 | $1,538 | — |
| FY 2021 | $791 | $810 | $923 | $1,244 | $1,582 | +5.4% |
| FY 2022 | $798 | $812 | $925 | $1,232 | $1,583 | +0.2% |
| FY 2023 | $896 | $915 | $1,034 | $1,395 | $1,761 | +11.8% |
| FY 2024 | $1,046 | $1,075 | $1,207 | $1,652 | $2,048 | +16.7% |
| FY 2025 | $1,206 | $1,253 | $1,387 | $1,908 | $2,329 | +14.9% |
| FY 2026 | $1,167 | $1,222 | $1,340 | $1,809 | $2,248 | -3.4% |
| FY 2027 | $1,260 | $1,313 | $1,429 | $1,897 | $2,389 | +6.6% |
Nearby counties
Alexander County
$1,09516 mi · pop 36,505
Catawba County
$1,09519 mi · pop 161,011
Davie County
$1,23222 mi · pop 43,030
Rowan County
$1,19623 mi · pop 147,067
Lincoln County
$1,05429 mi · pop 87,933
Yadkin County
$1,23229 mi · pop 37,280
Cabarrus County
$1,68633 mi · pop 226,396
Wilkes County
$92533 mi · pop 66,125
Questions people ask
$1,340 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,167 for a studio, $1,222 for one bedroom, $1,809 for three and $2,248 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Iredell actually go for?
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