Cary, NC: Fair Market Rent by ZIP Code (FY2027)

ZIP-level rents for Cary in Wake County, effective October 1, 2026.

Data: HUD FY2027 Small Area FMRs (effective October 1, 2026), Census ACS 5-Year 2020–2024. Spot-checked against the official sources on November 5, 2026 (results). Last site change: November 10, 2026 (changelog).

$1,610–$2,1402-bedroom Small Area FMR across 4 ZIP codes
$1,6892-bedroom FMR for the whole Wake County area
$1,738Median gross rent in Cary (ACS)
23,271Renter households (15% of the county)

Cary is in Wake County. HUD sets one Fair Market Rent for the whole Raleigh-Cary, NC area, $1,689 for two bedrooms in FY2027. Bedroom sizes, Section 8 payment standards and income limits for the county are on the Wake County fair market rent page. This page shows what differs inside Cary: the ZIP-level rents HUD publishes for metro areas and Census figures for the city itself.

Cary fair market rent by ZIP code (FY2027)

The two-bedroom Small Area FMR runs from $1,610 (ZIP 27511) to $2,140 (ZIP 27519), 27% above the area FMR. 3 of 4 ZIP codes are above the area figure, 1 below it.

ZIP0 BR1 BR2 BR3 BR4 BR2 BR vs area FMR
27511$1,420$1,480$1,610$2,000$2,690−5%
27513$1,620$1,690$1,840$2,290$3,080+9%
27518$1,590$1,650$1,800$2,240$3,010+7%
27519$1,880$1,960$2,140$2,660$3,550+27%

ZIP codes with at least 30% of their land area inside Cary (Census 2020 ZIP code tabulation areas). Mail ZIP codes and ZCTAs can differ slightly at the edges.

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026, claims ledger), how SAFMRs work.

Rent in Cary compared with Wake County

The median gross rent in Cary is $1,738 a month (±$30), 7% higher than in Wake County as a whole ($1,623). Renter households in Cary earn a median $87,296 a year (±$6,256), against $65,172 county-wide. The typical rent takes 24% of the typical renter income, and 38% of renters pay 30% or more of their income on rent.

Source: Census Bureau, American Community Survey 5-Year 2020–2024 (tables B25064, B25119, B25070), place and county level.

Section 8 in Cary

Where the housing authority uses ZIP-level figures, the voucher payment standard is normally 90% to 110% of the ZIP's Small Area FMR: for a two-bedroom unit in Cary that is about $1,449 to $2,354 depending on the ZIP code. Otherwise the county-wide FMR applies. See payment standards and income limits for Wake County or estimate the tenant share with the Section 8 calculator.

More cities in Wake County

By Karsten Looks