What is the Fair Market Rent in Raleigh, NC?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,730 to $1,950 a month across the 8 ZIP codes that cover Raleigh.

By ZIP code: 27601 $1,750, 27605 $1,830, 27608 $1,800, 27695 $1,730, 27697 $1,740, 27609 $1,730, 27617 $1,910, 27612 $1,950.

Across the whole Raleigh-Cary, NC MSA the two-bedroom figure is $1,689.

The Census Bureau’s median gross rent for a two-bedroom home in Raleigh is $1,576 (±$26), below the Small Area figure for ZIP 27601.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,689
2 bedrooms, ZIP 27601: $1,750
2 bedrooms, ZIP 27605: $1,830
2 bedrooms, ZIP 27608: $1,800

Fair Market Rents for Raleigh, 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
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Raleigh-Cary, NC MSA (whole area)	$1,489	$1,552	$1,689	$2,103	$2,823	—
ZIP 27601	$1,540	$1,610	$1,750	$2,180	$2,930	$1,550
ZIP 27605	$1,610	$1,680	$1,830	$2,280	$3,060	$1,668
ZIP 27608	$1,590	$1,650	$1,800	$2,240	$3,010	$1,878
ZIP 27695	$1,530	$1,590	$1,730	$2,150	$2,890	—
ZIP 27697	$1,530	$1,600	$1,740	$2,170	$2,910	—
ZIP 27609 (99% of the ZIP’s land is in this place)	$1,530	$1,590	$1,730	$2,150	$2,890	$1,474
ZIP 27617 (93% of the ZIP’s land is in this place)	$1,680	$1,750	$1,910	$2,370	$3,170	$1,736
ZIP 27612 (91% of the ZIP’s land is in this place)	$1,720	$1,790	$1,950	$2,430	$3,260	$1,620

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 Raleigh

What is the Section 8 payment standard in Raleigh?

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 Raleigh-Cary, NC MSA is $1,689, and the Small Area figure for 27601 is $1,750.

What is the Fair Market Rent for a two-bedroom in ZIP 27601?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 27601 is $1,750 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,550 (±$96).

What is the Fair Market Rent for a two-bedroom in ZIP 27605?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 27605 is $1,830 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,668 (±$78).

What is the Fair Market Rent for a two-bedroom in ZIP 27608?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 27608 is $1,800 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,878 (±$297).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 27601 is $1,610 a month, against $1,552 across the Raleigh-Cary, NC MSA.

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.