HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Pender County, North Carolina (FY 2027)
A two-bedroom in Pender County carries a FY 2027 Fair Market Rent of $1,199 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Pender keys off that figure.
Two-bedroom FMR
$1,199
+2.8% from FY 2026
Payment standard
$1,079–$1,319
90% to 110% of the FMR, two-bedroom
Income to afford
$47,960
a year, with rent at 30% of income
Rank in North Carolina
41st 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 | $915 | $824–$1,007 | $36,600 | $17.60/hr | -9.9% |
| 1 bedroom | $1,101 | $991–$1,211 | $44,040 | $21.17/hr | +3.5% |
| 2 bedroom | $1,199 | $1,079–$1,319 | $47,960 | $23.06/hr | +2.8% |
| 3 bedroom | $1,660 | $1,494–$1,826 | $66,400 | $31.92/hr | +2.3% |
| 4 bedroom | $2,004 | $1,804–$2,204 | $80,160 | $38.54/hr | +2.5% |
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 | $2,305 | $2,075–$2,536 |
| 6 bedroom Estimate | $2,605 | $2,345–$2,866 |
| 7 bedroom Estimate | $2,906 | $2,615–$3,197 |
| 8 bedroom Estimate | $3,206 | $2,885–$3,527 |
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 Pender actually rent for?
Search any address in Pender 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 Pender somewhere between $1,079 and $1,319. 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.
$1,199 a month is affordable, by HUD's 30% rule, on an income of roughly $47,960 a year. Put another way, $23 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%$1,079 | Voucher pays at 100%$1,199 | Voucher pays at 110%$1,319 |
|---|---|---|---|---|
| $2,500 | $750 | $329 | $449 | $569 |
| $4,000 | $1,200 | $0 | $0 | $119 |
Rate history
The two-bedroom rate went up 3% from FY 2026 ($1,166) to FY 2027 ($1,199). Since FY 2020 it's up 58% in total, about 6.8% 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 | $547 | $637 | $757 | $1,035 | $1,329 | — |
| FY 2021 | $610 | $692 | $843 | $1,160 | $1,406 | +11.4% |
| FY 2022 | $645 | $772 | $902 | $1,235 | $1,431 | +7.0% |
| FY 2023 | $683 | $875 | $988 | $1,375 | $1,567 | +9.5% |
| FY 2024 | $752 | $988 | $1,109 | $1,563 | $1,816 | +12.2% |
| FY 2025 | $740 | $974 | $1,079 | $1,512 | $1,812 | -2.7% |
| FY 2026 | $1,016 | $1,064 | $1,166 | $1,622 | $1,956 | +8.1% |
| FY 2027In effect | $915 | $1,101 | $1,199 | $1,660 | $2,004 | +2.8% |
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 Pender, that runs from $915 for a studio up to $2,004 for four bedrooms, all five rates in the table above.
Pender is its own HUD metro area (Pender County, NC), so the rate here is set from rents inside the county rather than a wider region.
Among North Carolina's 100 counties, Pender ranks 41st for two-bedroom FMR. That's about 5% above the state median of $1,145 and about 13% above the national median county at $1,063. About 65,550 people live here, 42nd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,050 in 28421 (Atkinson) and $1,840 in 28454 (Maple Hill), 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 Pender.
New Hanover County
24 mi · 235,229 people
$1,705
+42%
Duplin County
29 mi · 49,335 people
$1,025
-15%
Onslow County
33 mi · 207,906 people
$1,319
+10%
Sampson County
38 mi · 59,470 people
$1,012
-16%
Bladen County
39 mi · 29,566 people
$1,012
-16%
Brunswick County
41 mi · 152,568 people
$1,574
+31%
Columbus County
45 mi · 50,140 people
$1,012
-16%
Jones County
45 mi · 9,302 people
$1,012
-16%
Questions people ask
$1,199 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $915 for a studio, $1,101 for one bedroom, $1,660 for three and $2,004 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 Pender actually go for?
HUD's number is one input. Search any address in Pender for a rent estimate built from nearby comps. Free to start, no card.
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