FY2027 Small Area FMR · Pfafftown, NC

ZIP 27040 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27040 (Pfafftown, NC) is $1,850 a month, up 4.5% from FY2026. That is 39% above the Winston-Salem, NC area-wide FMR of $1,332.

2-bedroom SAFMR$1,850per month ▲ 4.5%

Area-wide 2 BR FMR$1,332Winston-Salem, NC

Rank in the area2ndof 62 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,665

2 BR Small Area FMR$1,850

110% of SAFMR$2,035

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,500▲ 4.9%

1 BR$1,700▲ 9.7%

2 BR$1,850▲ 4.5%

3 BR$2,440▲ 5.6%

4 BR$2,970▲ 8.8%

FY2027 FY2026

Where 27040 sits in the Winston-Salem, NC area

Of the 62 ZIP codes HUD lists for the area, 27040 has the 2nd highest two-bedroom Small Area FMR. Winston-Salem, NC is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,665 and $2,035 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,500	$1,350 – $1,650	$1,079	$1,430
1 bedroom	$1,700	$1,530 – $1,870	$1,224	$1,550
2 bedrooms	$1,850	$1,665 – $2,035	$1,332	$1,770
3 bedrooms	$2,440	$2,196 – $2,684	$1,754	$2,310
4 bedrooms	$2,970	$2,673 – $3,267	$2,135	$2,730

A household renting a two-bedroom home at the Small Area FMR of $1,850 needs about $74,000 a year to keep housing costs at 30% of income. The area median family income is $96,700 and the 80% low-income limit for four people is $76,250. ZIP code 27040 lies mainly in Forsyth County. See the Winston-Salem, NC metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
27050	Tobaccoville	4.1 mi	$1,140
27106	Winston-Salem	4.3 mi	$1,500
27104	Winston-Salem	6.5 mi	$1,590
27023	Lewisville	6.5 mi	$1,410
27109	Winston-Salem	6.9 mi	$1,500
27045	Rural Hall	7.0 mi	$1,370

Questions

What is the Fair Market Rent for ZIP code 27040?

HUD's FY2027 Small Area Fair Market Rents for 27040 are $1,500 (studio), $1,700 (1 BR), $1,850 (2 BR), $2,440 (3 BR) and $2,970 (4 BR) a month.

What is the Section 8 payment standard in 27040?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27040 that range is $1,665 to $2,035 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 27040?

The FY2026 income limits of the Winston-Salem, NC area apply: median family income $96,700, low-income (80%) limit $76,250 for a family of four.