FMR Lookup › North Carolina › Raleigh-Cary
Section 8 Fair Market Rent in Raleigh-Cary, NC (FY2027)
HUD's official FY2027 Fair Market Rents for the Raleigh-Cary, 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 | $1,489 | $1,340 – $1,638 |
| 1 bedroom | $1,552 | $1,397 – $1,707 |
| 2 bedrooms | $1,689 | $1,520 – $1,858 |
| 3 bedrooms | $2,103 | $1,893 – $2,313 |
| 4 bedrooms | $2,823 | $2,541 – $3,105 |
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 $1,689 — 61% above the North Carolina median of $1,050 across all 83 FMR areas in the state.
Counties and towns covered
The Raleigh-Cary, NC FMR area is a metro area covering: Franklin County, Johnston County, Wake 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 Raleigh-Cary: 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 |
|---|---|---|---|
| Wilmington | $1,566 | $1,705 | $2,238 |
| Virginia Beach-Norfolk-Newport News | $1,488 | $1,667 | $2,298 |
| Gates County | $1,489 | $1,665 | $2,291 |
| Durham-Chapel Hill | $1,554 | $1,745 | $2,161 |
| Charlotte-Concord-Gastonia | $1,640 | $1,785 | $2,179 |
| Brunswick County | $1,446 | $1,574 | $2,062 |
All 83 North Carolina FMR areas →
Informational only — not financial, legal, or lending advice. Confirm current payment standards with the housing authority serving Raleigh-Cary.