FY2027 Small Area FMR · Lexington, NC
ZIP 27292 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27292 (Lexington, NC) is $1,040 a month, down 1.0% from FY2026. That is 18% below the Greensboro-High Point, NC area-wide FMR of $1,271.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 27292 sits in the Greensboro-High Point, NC area
Of the 69 ZIP codes HUD lists for the area, 27292 has the 59th highest two-bedroom Small Area FMR. Greensboro-High Point, 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 $936 and $1,144 for two bedrooms.
ZIP code 27292 crosses more than one HUD area. HUD also lists it under Davidson County, NC (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $920 | $828 – $1,012 | $1,121 | $890 |
| 1 bedroom | $960 | $864 – $1,056 | $1,168 | $960 |
| 2 bedrooms | $1,040 | $936 – $1,144 | $1,271 | $1,050 |
| 3 bedrooms | $1,440 | $1,296 – $1,584 | $1,644 | $1,440 |
| 4 bedrooms | $1,740 | $1,566 – $1,914 | $1,932 | $1,740 |
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 $91,500 and the 80% low-income limit for four people is $73,200. ZIP code 27292 lies mainly in Davidson County and Randolph County. See the Greensboro-High Point, NC metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 27292?
HUD's FY2027 Small Area Fair Market Rents for 27292 are $920 (studio), $960 (1 BR), $1,040 (2 BR), $1,440 (3 BR) and $1,740 (4 BR) a month.
What is the Section 8 payment standard in 27292?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27292 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 27292?
The FY2026 income limits of the Greensboro-High Point, NC area apply: median family income $91,500, low-income (80%) limit $73,200 for a family of four.