Iredell 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).

$1,4292-bedroom FMR, FY2027

$1,3131-bedroom FMR, FY2027

$85,85080% income limit, family of 4 (FY2026)

$107,300Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Iredell County is $1,429 a month, up 6.6% from $1,340 in FY2026. Iredell County belongs to the Iredell County, NC HUD Metro FMR Area FMR area, 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 Iredell County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,260	$1,167	+8.0%	$1,134 – $1,386
1 bedroom	$1,313	$1,222	+7.4%	$1,182 – $1,444
2 bedrooms	$1,429	$1,340	+6.6%	$1,287 – $1,571
3 bedrooms	$1,897	$1,809	+4.9%	$1,708 – $2,086
4 bedrooms	$2,389	$2,248	+6.3%	$2,151 – $2,627

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 Iredell County that is typically $1,287 to $1,571 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?

$55,159median income of renter households

$1,252Median gross rent, all units

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

44%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $55,159 can afford about $1,379 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,429 is $50 (3.6%) more than that. To rent a two-bedroom at the FMR, a household needs $57,160 a year under the 30% rule, or $51,444 under the common landlord rule that income must be three times the rent.

Iredell County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,252 ±$51
Median income of renter households	$55,159 ±$5,394
Renters paying 30% or more of income (cost-burdened)	43.6% ±3.7
Renters paying 50% or more (severely cost-burdened)	22.0% ±2.7
Renter households (where the share can be computed)	19,503

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$868	$1,252	+44.2%
Median renter household income	$38,753	$55,159	+42.3%
Renters paying 30%+ of income	41.7%	43.6%	+1.9 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.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,010 to $2,140 depending on the ZIP code.

All 20 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
27013	$1,060	$1,100	$1,210	$1,630	$2,030
27020	$830	$920	$1,010	$1,340	$1,610
27028	$880	$1,000	$1,090	$1,440	$1,750
27055	$840	$960	$1,040	$1,370	$1,670
28010	$1,260	$1,310	$1,430	$1,900	$2,390
28036	$1,800	$1,880	$2,040	$2,510	$3,190
28115	$1,300	$1,360	$1,490	$1,970	$2,480
28117	$1,890	$1,970	$2,140	$2,840	$3,580
28123	$1,260	$1,310	$1,430	$1,900	$2,390
28125	$1,100	$1,130	$1,390	$1,780	$2,330
28166	$1,350	$1,410	$1,530	$2,030	$2,560
28625	$1,020	$1,070	$1,160	$1,540	$1,940
28634	$930	$970	$1,060	$1,400	$1,760
28636	$1,060	$1,100	$1,210	$1,630	$2,030
28660	$1,060	$1,100	$1,210	$1,630	$2,030
28677	$1,060	$1,100	$1,210	$1,630	$2,030
28678	$1,060	$1,100	$1,210	$1,630	$2,030
28687	$1,260	$1,310	$1,430	$1,900	$2,390
28688	$1,260	$1,310	$1,430	$1,900	$2,390
28689	$920	$960	$1,080	$1,420	$1,720

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Iredell County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $107,300 (FY2025: $109,400, −1.9%). 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%)	$22,550 +8.4%	$25,800 +8.4%	$29,000 +8.4%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$37,600 +8.5%	$42,950 +8.5%	$48,300 +8.4%	$53,650 +8.4%	$57,950 +8.3%	$62,250 +8.4%	$66,550 +8.4%	$70,850 +8.4%
Low income (80%)	$60,100 +8.4%	$68,700 +8.4%	$77,300 +8.5%	$85,850 +8.5%	$92,750 +8.5%	$99,600 +8.4%	$106,500 +8.5%	$113,350 +8.5%

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.