FY2027 Small Area FMR · Saxapahaw, NC

ZIP 27340 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27340 (Saxapahaw, NC) is $1,300 a month, up 2.4% from FY2026. That is 4% below the Burlington, NC area-wide FMR of $1,348.

2-bedroom SAFMR$1,300per month ▲ 2.4%

Area-wide 2 BR FMR$1,348Burlington, NC

Rank in the area10thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,170

2 BR Small Area FMR$1,300

110% of SAFMR$1,430

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

Studio$1,040▲ 10.6%

1 BR$1,190▲ 2.6%

2 BR$1,300▲ 2.4%

3 BR$1,600▲ 1.9%

4 BR$2,010▲ 8.1%

FY2027 FY2026

Where 27340 sits in the Burlington, NC area

Of the 17 ZIP codes HUD lists for the area, 27340 has the 10th highest two-bedroom Small Area FMR. Burlington, 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 $1,348 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,300 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	$1,040	$936 – $1,144	$1,076	$940
1 bedroom	$1,190	$1,071 – $1,309	$1,238	$1,160
2 bedrooms	$1,300	$1,170 – $1,430	$1,348	$1,270
3 bedrooms	$1,600	$1,440 – $1,760	$1,658	$1,570
4 bedrooms	$2,010	$1,809 – $2,211	$2,088	$1,860

A household renting a two-bedroom home at the Small Area FMR of $1,300 needs about $52,000 a year to keep housing costs at 30% of income. The area median family income is $88,600 and the 80% low-income limit for four people is $70,900. ZIP code 27340 lies mainly in Alamance County. See the Burlington, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
27253	Graham	2.2 mi	$1,300
27258	Haw River	4.8 mi	$1,220
27349	Snow Camp	6.3 mi	$1,540
27516	Chapel Hill	9.5 mi	$1,750
27243	Efland	10.7 mi	$1,540
27201	Alamance	11.2 mi	$1,500

Questions

What is the Fair Market Rent for ZIP code 27340?

HUD's FY2027 Small Area Fair Market Rents for 27340 are $1,040 (studio), $1,190 (1 BR), $1,300 (2 BR), $1,600 (3 BR) and $2,010 (4 BR) a month.

What is the Section 8 payment standard in 27340?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27340 that range is $1,170 to $1,430 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 27340?

The FY2026 income limits of the Burlington, NC area apply: median family income $88,600, low-income (80%) limit $70,900 for a family of four.