FY2027 Small Area FMR · Prospect Hill, NC

ZIP 27314 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27314 (Prospect Hill, NC) is $1,540 a month, down 8.9% from FY2026. That is 12% below the Durham-Chapel Hill, NC area-wide FMR of $1,745.

2-bedroom SAFMR$1,540per month ▼ 8.9%

Area-wide 2 BR FMR$1,745Durham-Chapel Hill, NC

Rank in the area31stof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,386

2 BR Small Area FMR$1,540

110% of SAFMR$1,694

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

Studio$1,280▼ 8.6%

1 BR$1,360▼ 8.1%

2 BR$1,540▼ 8.9%

3 BR$1,910▼ 9.5%

4 BR$2,280▼ 9.9%

FY2027 FY2026

Where 27314 sits in the Durham-Chapel Hill, NC area

Of the 51 ZIP codes HUD lists for the area, 27314 has the 31st highest two-bedroom Small Area FMR. Durham-Chapel Hill, 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 $1,745 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,540 for this ZIP code instead.

ZIP code 27314 crosses more than one HUD area. HUD also lists it under Caswell County, NC (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,280	$1,152 – $1,408	$1,498	$1,400
1 bedroom	$1,360	$1,224 – $1,496	$1,554	$1,480
2 bedrooms	$1,540	$1,386 – $1,694	$1,745	$1,690
3 bedrooms	$1,910	$1,719 – $2,101	$2,161	$2,110
4 bedrooms	$2,280	$2,052 – $2,508	$2,486	$2,530

A household renting a two-bedroom home at the Small Area FMR of $1,540 needs about $61,600 a year to keep housing costs at 30% of income. The area median family income is $129,900 and the 80% low-income limit for four people is $101,700. ZIP code 27314 lies mainly in Caswell County. See the Durham-Chapel Hill, NC metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
27541	Hurdle Mills	7.0 mi	$1,540
27231	Cedar Grove	7.2 mi	$1,540
27291	Leasburg	7.6 mi	$1,010
27379	Yanceyville	8.9 mi	$1,050
27302	Mebane	12.3 mi	$1,540
27212	Blanch	12.7 mi	$1,150

Questions

What is the Fair Market Rent for ZIP code 27314?

HUD's FY2027 Small Area Fair Market Rents for 27314 are $1,280 (studio), $1,360 (1 BR), $1,540 (2 BR), $1,910 (3 BR) and $2,280 (4 BR) a month.

What is the Section 8 payment standard in 27314?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27314 that range is $1,386 to $1,694 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 27314?

The FY2026 income limits of the Durham-Chapel Hill, NC area apply: median family income $129,900, low-income (80%) limit $101,700 for a family of four.