Raleigh, NC: Fair Market Rent by ZIP Code (FY2027)
ZIP-level rents for Raleigh 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).
Raleigh 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 Raleigh: the ZIP-level rents HUD publishes for metro areas and Census figures for the city itself.
Raleigh fair market rent by ZIP code (FY2027)
The two-bedroom Small Area FMR runs from $1,420 (ZIP 27610) to $1,950 (ZIP 27612), 15% above the area FMR. 11 of 14 ZIP codes are above the area figure, 3 below it.
| ZIP | 0 BR | 1 BR | 2 BR | 3 BR | 4 BR | 2 BR vs area FMR |
|---|---|---|---|---|---|---|
| 27601 | $1,540 | $1,610 | $1,750 | $2,180 | $2,930 | +4% |
| 27604 | $1,430 | $1,490 | $1,620 | $2,020 | $2,710 | −4% |
| 27605 | $1,610 | $1,680 | $1,830 | $2,280 | $3,060 | +8% |
| 27606 | $1,460 | $1,520 | $1,660 | $2,070 | $2,770 | −2% |
| 27607 | $1,530 | $1,590 | $1,730 | $2,150 | $2,890 | +2% |
| 27608 | $1,590 | $1,650 | $1,800 | $2,240 | $3,010 | +7% |
| 27609 | $1,530 | $1,590 | $1,730 | $2,150 | $2,890 | +2% |
| 27610 | $1,250 | $1,300 | $1,420 | $1,770 | $2,370 | −16% |
| 27612 | $1,720 | $1,790 | $1,950 | $2,430 | $3,260 | +15% |
| 27615 | $1,660 | $1,730 | $1,880 | $2,340 | $3,140 | +11% |
| 27616 | $1,530 | $1,600 | $1,740 | $2,170 | $2,910 | +3% |
| 27617 | $1,680 | $1,750 | $1,910 | $2,370 | $3,170 | +13% |
| 27695 | $1,530 | $1,590 | $1,730 | $2,150 | $2,890 | +2% |
| 27697 | $1,530 | $1,600 | $1,740 | $2,170 | $2,910 | +3% |
ZIP codes with at least 30% of their land area inside Raleigh (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 Raleigh compared with Wake County
The median gross rent in Raleigh is $1,572 a month (±$23), 3% lower than in Wake County as a whole ($1,623). Renter households in Raleigh earn a median $59,538 a year (±$2,334), against $65,172 county-wide. The typical rent takes 32% of the typical renter income, and 52% 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 Raleigh
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 Raleigh that is about $1,278 to $2,145 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.