FY2027 Small Area FMR · Clayton, NC
ZIP 27520 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27520 (Clayton, NC) is $1,640 a month, up 0.6% from FY2026. That is 3% below the Raleigh-Cary, NC area-wide FMR of $1,689.
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 27520 sits in the Raleigh-Cary, NC area
Of the 86 ZIP codes HUD lists for the area, 27520 has the 52nd highest two-bedroom Small Area FMR. Raleigh-Cary, 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 $1,476 and $1,804 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,450 | $1,305 – $1,595 | $1,489 | $1,420 |
| 1 bedroom | $1,510 | $1,359 – $1,661 | $1,552 | $1,490 |
| 2 bedrooms | $1,640 | $1,476 – $1,804 | $1,689 | $1,630 |
| 3 bedrooms | $2,040 | $1,836 – $2,244 | $2,103 | $2,050 |
| 4 bedrooms | $2,740 | $2,466 – $3,014 | $2,823 | $2,730 |
A household renting a two-bedroom home at the Small Area FMR of $1,640 needs about $65,600 a year to keep housing costs at 30% of income. The area median family income is $132,300 and the 80% low-income limit for four people is $105,850. ZIP code 27520 lies mainly in Johnston County and Wake County. See the Raleigh-Cary, 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 27520?
HUD's FY2027 Small Area Fair Market Rents for 27520 are $1,450 (studio), $1,510 (1 BR), $1,640 (2 BR), $2,040 (3 BR) and $2,740 (4 BR) a month.
What is the Section 8 payment standard in 27520?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27520 that range is $1,476 to $1,804 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 27520?
The FY2026 income limits of the Raleigh-Cary, NC area apply: median family income $132,300, low-income (80%) limit $105,850 for a family of four.