Person 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

$8051-bedroom FMR, FY2027

$68,30080% income limit, family of 4 (FY2026)

$85,400Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Person County is $1,012 a month, up 6.8% from $948 in FY2026. Person County belongs to the Person 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 Person County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$800	$739	+8.3%	$720 – $880
1 bedroom	$805	$744	+8.2%	$725 – $885
2 bedrooms	$1,012	$948	+6.8%	$911 – $1,113
3 bedrooms	$1,401	$1,318	+6.3%	$1,261 – $1,541
4 bedrooms	$1,460	$1,377	+6.0%	$1,314 – $1,606

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 Person 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?

$27,013median income of renter households

$864Median gross rent, all units

38%Rent-to-income ratio (median rent ÷ median renter income)

60%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $27,013 can afford about $675 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,012 is $337 (49.9%) 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.

Person County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$864 ±$46
Median income of renter households	$27,013 ±$4,547
Renters paying 30% or more of income (cost-burdened)	60.4% ±9.1
Renters paying 50% or more (severely cost-burdened)	37.7% ±7.5
Renter households (where the share can be computed)	3,236

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$694	$864	+24.5%
Median renter household income	$25,453	$27,013	+6.1%
Renters paying 30%+ of income	51.7%	60.4%	+8.7 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 $1,540 depending on the ZIP code.

All 10 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
27231	$1,280	$1,360	$1,540	$1,910	$2,280
27291	$780	$790	$1,010	$1,340	$1,510
27305	$1,010	$1,010	$1,260	$1,720	$1,890
27343	$850	$850	$1,060	$1,430	$1,590
27541	$1,280	$1,360	$1,540	$1,910	$2,280
27565	$970	$1,040	$1,140	$1,430	$1,720
27572	$1,280	$1,360	$1,540	$1,910	$2,280
27573	$800	$800	$1,010	$1,400	$1,460
27574	$930	$990	$1,150	$1,590	$1,660
27583	$1,280	$1,360	$1,540	$1,910	$2,280

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

HUD income limits for Person County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $85,400 (FY2025: $85,300, +0.1%). 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%)	$17,950 ±0.0%	$21,640 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$29,900 ±0.0%	$34,200 +0.1%	$38,450 +0.1%	$42,700 +0.1%	$46,150 +0.1%	$49,550 +0.1%	$52,950 +0.1%	$56,400 +0.2%
Low income (80%)	$47,850 +0.1%	$54,650 +0.1%	$61,500 +0.1%	$68,300 +0.1%	$73,800 +0.1%	$79,250 +0.1%	$84,700 +0.1%	$90,200 +0.1%

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.