What is the Fair Market Rent in Charlotte, NC?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,500 to $2,680 a month across the 8 ZIP codes that cover Charlotte.

By ZIP code: 28202 $2,680, 28203 $2,680, 28204 $2,380, 28205 $1,680, 28206 $1,580, 28207 $1,960, 28208 $1,500, 28209 $1,930.

Across the whole Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area the two-bedroom figure is $1,785.

The Census Bureau’s median gross rent for a two-bedroom home in Charlotte is $1,606 (±$21), below the Small Area figure for ZIP 28202.

Figures last updated on .

2 bedrooms, whole area
$1,785
2 bedrooms, ZIP 28202
$2,680
2 bedrooms, ZIP 28203
$2,680
2 bedrooms, ZIP 28204
$2,380

Fair Market Rents for Charlotte, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area (whole area)$1,574$1,640$1,785$2,179$2,773—
ZIP 28202$2,360$2,460$2,680$3,270$4,160$1,933
ZIP 28203$2,360$2,460$2,680$3,270$4,160$1,921
ZIP 28204$2,100$2,190$2,380$2,910$3,700$1,735
ZIP 28205$1,480$1,540$1,680$2,050$2,610$1,460
ZIP 28206$1,390$1,450$1,580$1,930$2,450$1,400
ZIP 28207$1,730$1,800$1,960$2,390$3,040$1,664
ZIP 28208$1,320$1,380$1,500$1,830$2,330$1,244
ZIP 28209$1,700$1,770$1,930$2,360$3,000$1,710

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Charlotte

What is the Section 8 payment standard in Charlotte?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area is $1,785, and the Small Area figure for 28202 is $2,680.

What is the Fair Market Rent for a two-bedroom in ZIP 28202?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 28202 is $2,680 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,933 (±$68).

What is the Fair Market Rent for a two-bedroom in ZIP 28203?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 28203 is $2,680 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,921 (±$54).

What is the Fair Market Rent for a two-bedroom in ZIP 28204?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 28204 is $2,380 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,735 (±$38).

What is the Fair Market Rent for a one-bedroom in Charlotte?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 28202 is $2,460 a month, against $1,640 across the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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