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Section 8 Fair Market Rent in Hickory-Lenoir-Morganton, NC (FY2027)
HUD's official FY2027 Fair Market Rents for the Hickory-Lenoir-Morganton, NC MSA, by bedroom count. These figures set the baseline for what the Housing Choice Voucher program pays landlords in this area.
| Unit size | FY2027 FMR | Payment standard range (90–110%) |
|---|---|---|
| Studio / efficiency | $961 | $865 – $1,057 |
| 1 bedroom | $965 | $869 – $1,062 |
| 2 bedrooms | $1,147 | $1,032 – $1,262 |
| 3 bedrooms | $1,399 | $1,259 – $1,539 |
| 4 bedrooms | $1,707 | $1,536 – $1,878 |
Source: HUD User — FY 2027 Fair Market Rents. FY2027 FMRs are effective October 1, 2026. FY2027 FMRs take effect October 1, 2026; until that date, the prior FY2026 schedule remains in effect. Retrieved 2026-09-07.
How this market compares
The 2-bedroom FMR here is $1,147 — 9% above the North Carolina median of $1,050 across all 83 FMR areas in the state.
Counties and towns covered
The Hickory-Lenoir-Morganton, NC FMR area is a metro area covering: Alexander County, Burke County, Caldwell County, Catawba County. One FMR applies across the whole area — HUD does not publish separate figures per city or ZIP here (some large metros have Small Area FMRs by ZIP; check with the local housing authority).
What a landlord actually collects
FMR is the baseline, not the contract rent. The local housing authority sets a payment standard between 90% and 110% of FMR (the range in the table above), and your unit must pass a rent-reasonableness comparison against similar unassisted rentals nearby. The voucher then covers the gap between the tenant's share (roughly 30% of their income) and the approved rent.
Run the numbers for a deal in Hickory-Lenoir-Morganton: Section 8 vs market rent, DSCR, or cash-on-cash return.
Comparable North Carolina markets by 2BR FMR
| FMR area | 1 BR | 2 BR | 3 BR |
|---|---|---|---|
| Hoke County | $903 | $1,150 | $1,592 |
| Anson County | $895 | $1,143 | $1,362 |
| Lincoln County | $1,045 | $1,138 | $1,576 |
| Greenville | $967 | $1,167 | $1,518 |
| Rocky Mount | $972 | $1,167 | $1,567 |
| Lee County | $912 | $1,179 | $1,405 |
All 83 North Carolina FMR areas →
Informational only — not financial, legal, or lending advice. Confirm current payment standards with the housing authority serving Hickory-Lenoir-Morganton.