FY2027 Small Area FMR · Summerfield, NC
ZIP 27358 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27358 (Summerfield, NC) is $1,400 a month, down 4.8% from FY2026. That is 10% above 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 27358 sits in the Greensboro-High Point, NC area
Of the 69 ZIP codes HUD lists for the area, 27358 has the 10th 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 $1,260 and $1,540 for two bedrooms.
ZIP code 27358 crosses more than one HUD area. HUD also lists it under Rockingham 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 | $1,200 | $1,080 – $1,320 | $1,121 | $1,240 |
| 1 bedroom | $1,250 | $1,125 – $1,375 | $1,168 | $1,310 |
| 2 bedrooms | $1,400 | $1,260 – $1,540 | $1,271 | $1,470 |
| 3 bedrooms | $1,800 | $1,620 – $1,980 | $1,644 | $1,870 |
| 4 bedrooms | $2,130 | $1,917 – $2,343 | $1,932 | $2,150 |
A household renting a two-bedroom home at the Small Area FMR of $1,400 needs about $56,000 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 27358 lies mainly in Guilford County and Rockingham 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 27358?
HUD's FY2027 Small Area Fair Market Rents for 27358 are $1,200 (studio), $1,250 (1 BR), $1,400 (2 BR), $1,800 (3 BR) and $2,130 (4 BR) a month.
What is the Section 8 payment standard in 27358?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27358 that range is $1,260 to $1,540 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 27358?
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.