ZIP 27843 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 27843 in the Rocky Mount, NC MSA FMR area.

Rocky Mount, NC MSA

$830Efficiency

$8301 bedroom

$1,0302 bedrooms

$1,4003 bedrooms

$1,6404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$967
1 bedroom	$830	$747	$913	$972
2 bedrooms	$1,030	$927	$1,133	$1,167
3 bedrooms	$1,400	$1,260	$1,540	$1,567
4 bedrooms	$1,640	$1,476	$1,804	$1,787

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Halifax County, NC

$830Efficiency

$8301 bedroom

$1,0302 bedrooms

$1,4003 bedrooms

$1,6404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$782
1 bedroom	$830	$747	$913	$787
2 bedrooms	$1,030	$927	$1,133	$1,012
3 bedrooms	$1,400	$1,260	$1,540	$1,375
4 bedrooms	$1,640	$1,476	$1,804	$1,583

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Martin County, NC

$830Efficiency

$8301 bedroom

$1,0302 bedrooms

$1,4003 bedrooms

$1,6404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$830	$747	$913	$769
1 bedroom	$830	$747	$913	$774
2 bedrooms	$1,030	$927	$1,133	$1,012
3 bedrooms	$1,400	$1,260	$1,540	$1,325
4 bedrooms	$1,640	$1,476	$1,804	$1,330

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 27843

$48,990average adjusted gross income per tax return (2022)

$35,074average salaries and wages per return

390tax returns filed

25%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	33.3%
$25,000 to $50,000	30.8%
$50,000 to $75,000	17.9%
$75,000 to $100,000	7.7%
$100,000 to $200,000	10.3%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 28.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 27843?

HUD's FY2027 Small Area FMRs for ZIP 27843 (Rocky Mount, NC MSA) are $830 efficiency, $830 one bedroom, $1,030 two bedrooms, $1,400 three and $1,640 four bedrooms.

What payment standard can a housing authority set in ZIP 27843?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $927 to $1,133.

How affordable is rent in ZIP 27843?

Tax returns filed from ZIP 27843 reported an average adjusted gross income of $48,990 (2022). A two-bedroom unit at the Small Area FMR costs $12,360 a year, or 25% of that income.