HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Pasquotank County, North Carolina (FY 2026)
$1,216 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Pasquotank County, and it's the baseline every voucher in Pasquotank is measured against.
2 bedroom FMR
$1,216
FY 2026, utilities included
Payment standard range
$1,094 to $1,338
90% to 110% of FMR
Income to afford 2BR
$48,640
per year, at 30% of income
Rank in North Carolina
33rd of 100
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Pasquotank moves to $1,220. That's unchanged. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Pasquotank actually rent for?
Search any address in Pasquotank 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 | $921 | $829 to $1,013 | $36,840 | $17.71/hr | +2.0% |
| 1 bedroom | $927 | $834 to $1,020 | $37,080 | $17.83/hr | +2.0% |
| 2 bedroom | $1,216 | $1,094 to $1,338 | $48,640 | $23.38/hr | +2.0% |
| 3 bedroom | $1,640 | $1,476 to $1,804 | $65,600 | $31.54/hr | +2.6% |
| 4 bedroom | $1,899 | $1,709 to $2,089 | $75,960 | $36.52/hr | -0.8% |
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 | $2,184 | $1,966 to $2,402 |
| 6 bedroom Estimate | $2,469 | $2,222 to $2,716 |
| 7 bedroom Estimate | $2,754 | $2,479 to $3,029 |
| 8 bedroom Estimate | $3,038 | $2,734 to $3,342 |
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 Pasquotank, that runs from $921 for a studio up to $1,899 for four bedrooms, all five rates in the table above.
Because Pasquotank 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, Elizabeth City included.
Among North Carolina's 100 counties, Pasquotank ranks 33rd for two-bedroom FMR. That's about 12% above the state median of $1,086 and about 19% above the national median county at $1,018. About 40,454 people live here, 62nd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,190 in 27909 (Elizabeth City) and $1,220 in 27906 (Elizabeth City), with the 3 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.
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 Pasquotank somewhere between $1,094 and $1,338. 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.
$1,216 a month is affordable, by HUD's 30% rule, on an income of roughly $48,640 a year. Put another way, $23 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% ($1,094) | HAP at 100% ($1,216) | HAP at 110% ($1,338) |
|---|---|---|---|---|
| $2,500 | $750 | $344 | $466 | $588 |
| $4,000 | $1,200 | $0 | $16 | $138 |
Rate history
The two-bedroom rate went up 2% from FY 2025 ($1,192) to FY 2026 ($1,216). Since FY 2020 it's up 54% in total, about 7.5% 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 | $585 | $598 | $788 | $1,137 | $1,237 | — |
| FY 2021 | $576 | $625 | $824 | $1,179 | $1,290 | +4.6% |
| FY 2022 | $581 | $665 | $875 | $1,234 | $1,384 | +6.2% |
| FY 2023 | $626 | $711 | $936 | $1,311 | $1,528 | +7.0% |
| FY 2024 | $717 | $805 | $1,058 | $1,454 | $1,749 | +13.0% |
| FY 2025 | $903 | $909 | $1,192 | $1,599 | $1,915 | +12.7% |
| FY 2026 | $921 | $927 | $1,216 | $1,640 | $1,899 | +2.0% |
| FY 2027 | $957 | $963 | $1,220 | $1,689 | $1,988 | +0.3% |
Nearby counties
Questions people ask
$1,216 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $921 for a studio, $927 for one bedroom, $1,640 for three and $1,899 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 Pasquotank actually go for?
HUD's number is one input. Search any address in Pasquotank for a rent estimate built from nearby comps. 3 free searches, no card.
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