HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Randolph County, North Carolina (FY 2027)
$1,271 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Randolph County, and it's the baseline every voucher in Randolph is measured against.
Two-bedroom FMR
$1,271
-4.4% from FY 2026
Payment standard
$1,144–$1,398
90% to 110% of the FMR, two-bedroom
Income to afford
$50,840
a year, with rent at 30% of income
Rank in North Carolina
33rd 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 | $1,121 | $1,009–$1,233 | $44,840 | $21.56/hr | -3.3% |
| 1 bedroom | $1,168 | $1,051–$1,285 | $46,720 | $22.46/hr | -3.7% |
| 2 bedroom | $1,271 | $1,144–$1,398 | $50,840 | $24.44/hr | -4.4% |
| 3 bedroom | $1,644 | $1,480–$1,808 | $65,760 | $31.62/hr | -3.5% |
| 4 bedroom | $1,932 | $1,739–$2,125 | $77,280 | $37.15/hr | -1.4% |
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 | $2,222 | $2,000–$2,444 |
| 6 bedroom Estimate | $2,512 | $2,261–$2,763 |
| 7 bedroom Estimate | $2,801 | $2,521–$3,081 |
| 8 bedroom Estimate | $3,091 | $2,782–$3,400 |
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 Randolph actually rent for?
Search any address in Randolph 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 Randolph somewhere between $1,144 and $1,398. 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.
$1,271 a month is affordable, by HUD's 30% rule, on an income of roughly $50,840 a year. Put another way, $24 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%$1,144 | Voucher pays at 100%$1,271 | Voucher pays at 110%$1,398 |
|---|---|---|---|---|
| $2,500 | $750 | $394 | $521 | $648 |
| $4,000 | $1,200 | $0 | $71 | $198 |
Rate history
The two-bedroom rate went down 4% from FY 2026 ($1,330) to FY 2027 ($1,271). Since FY 2020 it's up 52% in total, about 6.1% 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 | $686 | $728 | $838 | $1,114 | $1,288 | — |
| FY 2021 | $722 | $750 | $859 | $1,135 | $1,289 | +2.5% |
| FY 2022 | $810 | $836 | $952 | $1,243 | $1,424 | +10.8% |
| FY 2023 | $893 | $920 | $1,039 | $1,339 | $1,502 | +9.1% |
| FY 2024 | $1,011 | $1,042 | $1,170 | $1,493 | $1,680 | +12.6% |
| FY 2025 | $999 | $1,039 | $1,150 | $1,463 | $1,646 | -1.7% |
| FY 2026 | $1,159 | $1,213 | $1,330 | $1,703 | $1,960 | +15.7% |
| FY 2027In effect | $1,121 | $1,168 | $1,271 | $1,644 | $1,932 | -4.4% |
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 Randolph, that runs from $1,121 for a studio up to $1,932 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Randolph in with one other county in the Greensboro-High Point metro, Guilford County among them, and every one of them gets $1,271 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among North Carolina's 100 counties, Randolph ranks 33rd for two-bedroom FMR. That's about 11% above the state median of $1,145 and about 20% above the national median county at $1,063. About 146,348 people live here, 22nd 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 27203 (Asheboro) and $1,210 in 27248 (Franklinville), with the 11 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 |
|---|---|---|---|
| 27203 | Asheboro | $1,010 | -20.5% |
| 27204 | Asheboro | $1,271County rate | — |
| 27205 | Asheboro | $1,010 | -20.5% |
| 27230 | Cedar Falls | $1,020 | -19.7% |
| 27248 | Franklinville | $1,210 | -4.8% |
| 27298 | Liberty | $1,200 | -5.6% |
| 27316 | Ramseur | $1,010 | -20.5% |
| 27317 | Randleman | $1,010 | -20.5% |
| 27341 | Seagrove | $1,020 | -19.7% |
| 27350 | Sophia | $1,130 | -11.1% |
| 27355 | Staley | $1,200 | -5.6% |
| 27370 | Trinity | $1,120 | -11.9% |
Counties sharing the Greensboro-High Point metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,271 two-bedroom figure as Randolph.
Nearby counties
Two-bedroom FMR, with how each compares to Randolph.
Guilford County
21 mi · 547,940 people
$1,271
same rate
Alamance County
27 mi · 176,893 people
$1,348
+6%
Chatham County
27 mi · 80,151 people
$1,745
+37%
Davidson County
27 mi · 172,954 people
$1,087
-14%
Montgomery County
30 mi · 26,007 people
$1,012
-20%
Forsyth County
36 mi · 389,977 people
$1,332
+5%
Moore County
39 mi · 104,876 people
$1,223
-4%
Lee County
41 mi · 65,816 people
$1,179
-7%
Questions people ask
$1,271 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,121 for a studio, $1,168 for one bedroom, $1,644 for three and $1,932 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 Randolph actually go for?
HUD's number is one input. Search any address in Randolph for a rent estimate built from nearby comps. Free to start, no card.
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