Graham County, NC: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,0122-bedroom FMR, FY2027

$9151-bedroom FMR, FY2027

$62,65080% income limit, family of 4 (FY2026)

$67,400Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Graham County is $1,012 a month, up 9.4% from $925 in FY2026. Graham County belongs to the Graham County, NC FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Graham County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$864	$782	+10.5%	$778 – $950
1 bedroom	$915	$844	+8.4%	$824 – $1,006
2 bedrooms	$1,012	$925	+9.4%	$911 – $1,113
3 bedrooms	$1,356	$1,199	+13.1%	$1,221 – $1,491
4 bedrooms	$1,531	$1,390	+10.1%	$1,378 – $1,684

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Graham County that is typically $911 to $1,113 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$30,060median income of renter households

$676Median gross rent, all units

27%Rent-to-income ratio (median rent ÷ median renter income)

49%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $30,060 can afford about $752 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,012 is $261 (34.7%) more than that. To rent a two-bedroom at the FMR, a household needs $40,480 a year under the 30% rule, or $36,432 under the common landlord rule that income must be three times the rent.

Graham County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$676 ±$179
Median income of renter households	$30,060 ±$8,574
Renters paying 30% or more of income (cost-burdened)	48.5% ±10.3
Renters paying 50% or more (severely cost-burdened)	27.3% ±12.7
Renter households (where the share can be computed)	528

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$499	$676	+35.5%
Median renter household income	$22,885	$30,060	+31.4%
Renters paying 30%+ of income	36.9%	48.5%	+11.6 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Graham County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $67,400 (FY2025: $68,800, −2.0%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$16,450 +2.5%	$21,640 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$48,550 +2.4%	$51,700 +2.5%
Very low income (50%)	$27,450 +2.6%	$31,350 +2.5%	$35,250 +2.5%	$39,150 +2.5%	$42,300 +2.4%	$45,450 +2.5%	$48,550 +2.4%	$51,700 +2.5%
Low income (80%)	$43,900 +2.6%	$50,150 +2.6%	$56,400 +2.5%	$62,650 +2.5%	$67,700 +2.6%	$72,700 +2.5%	$77,700 +2.5%	$82,700 +2.5%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.