ZIP 27874 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 27874 in the Halifax County, NC FMR area.

Halifax County, NC

$780Efficiency

$7901 bedroom

$1,0102 bedrooms

$1,3803 bedrooms

$1,5804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$782
1 bedroom	$790	$711	$869	$787
2 bedrooms	$1,010	$909	$1,111	$1,012
3 bedrooms	$1,380	$1,242	$1,518	$1,375
4 bedrooms	$1,580	$1,422	$1,738	$1,583

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

Martin County, NC

$780Efficiency

$7901 bedroom

$1,0102 bedrooms

$1,3803 bedrooms

$1,5804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$769
1 bedroom	$790	$711	$869	$774
2 bedrooms	$1,010	$909	$1,111	$1,012
3 bedrooms	$1,380	$1,242	$1,518	$1,325
4 bedrooms	$1,580	$1,422	$1,738	$1,330

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

Income in ZIP 27874

$46,664average adjusted gross income per tax return (2022)

$29,766average salaries and wages per return

1,520tax returns filed

26%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	40.1%
$25,000 to $50,000	33.6%
$50,000 to $75,000	11.8%
$75,000 to $100,000	5.9%
$100,000 to $200,000	7.2%
$200,000 or more	1.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 32.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 27874?

HUD's FY2027 Small Area FMRs for ZIP 27874 (Halifax County, NC) are $780 efficiency, $790 one bedroom, $1,010 two bedrooms, $1,380 three and $1,580 four bedrooms.

What payment standard can a housing authority set in ZIP 27874?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 27874?

Tax returns filed from ZIP 27874 reported an average adjusted gross income of $46,664 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 26% of that income.