FY2027 Small Area FMR · Bahama, NC

ZIP 27503 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27503 (Bahama, 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$1,290▼ 7.9%

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 27503 sits in the Durham-Chapel Hill, NC area

Of the 51 ZIP codes HUD lists for the area, 27503 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.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,290	$1,161 – $1,419	$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 27503 lies mainly in Durham 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
27712	Durham	4.1 mi	$2,010
27509	Butner	6.3 mi	$1,370
27572	Rougemont	7.1 mi	$1,540
27704	Durham	8.2 mi	$1,660
27708	Durham	8.9 mi	$1,750
27581	Stem	9.2 mi	$1,230

Questions

What is the Fair Market Rent for ZIP code 27503?

HUD's FY2027 Small Area Fair Market Rents for 27503 are $1,290 (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 27503?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27503 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 27503?

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.