FY2027 Small Area FMR · Siloam, NC

ZIP 27047 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27047 (Siloam, NC) is $1,040 a month, up 9.5% from FY2026. That is 3% above the Surry County, NC area-wide FMR of $1,012.

2-bedroom SAFMR$1,040per month ▲ 9.5%

Area-wide 2 BR FMR$1,012Surry County, NC

Rank in the area6thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$936

2 BR Small Area FMR$1,040

110% of SAFMR$1,144

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

Studio$810▲ 9.5%

1 BR$860▲ 13.2%

2 BR$1,040▲ 9.5%

3 BR$1,290▲ 9.3%

4 BR$1,510▲ 4.1%

FY2027 FY2026

Where 27047 sits in the Surry County, NC area

Of the 13 ZIP codes HUD lists for the area, 27047 has the 6th highest two-bedroom Small Area FMR. Surry County, NC is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,012 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$810	$729 – $891	$769	$740
1 bedroom	$860	$774 – $946	$774	$760
2 bedrooms	$1,040	$936 – $1,144	$1,012	$950
3 bedrooms	$1,290	$1,161 – $1,419	$1,206	$1,180
4 bedrooms	$1,510	$1,359 – $1,661	$1,370	$1,450

A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $72,700 and the 80% low-income limit for four people is $62,650. ZIP code 27047 lies mainly in Surry County. See the Surry County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
27007	Ararat	5.3 mi	$1,060
27043	Pinnacle	6.7 mi	$1,080
27018	East Bend	8.6 mi	$1,010
27041	Pilot Mountain	8.9 mi	$1,080
27011	Boonville	9.9 mi	$1,010
27050	Tobaccoville	10.7 mi	$1,140

Questions

What is the Fair Market Rent for ZIP code 27047?

HUD's FY2027 Small Area Fair Market Rents for 27047 are $810 (studio), $860 (1 BR), $1,040 (2 BR), $1,290 (3 BR) and $1,510 (4 BR) a month.

What is the Section 8 payment standard in 27047?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27047 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 27047?

The FY2026 income limits of the Surry County, NC area apply: median family income $72,700, low-income (80%) limit $62,650 for a family of four.