FY2027 Small Area FMR · Apex, NC

ZIP 27523 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27523 (Apex, NC) is $2,080 a month, down 1.4% from FY2026. That is 19% above the Durham-Chapel Hill, NC area-wide FMR of $1,745.

2-bedroom SAFMR$2,080per month ▼ 1.4%

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

Rank in the area3rdof 51 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,872

2 BR Small Area FMR$2,080

110% of SAFMR$2,288

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

Studio$1,820■ 0.0%

1 BR$1,900▼ 1.0%

2 BR$2,080▼ 1.4%

3 BR$2,580▼ 2.3%

4 BR$3,390▼ 2.3%

FY2027 FY2026

Where 27523 sits in the Durham-Chapel Hill, NC area

Of the 51 ZIP codes HUD lists for the area, 27523 has the 3rd 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 $2,080 for this ZIP code instead.

ZIP code 27523 crosses more than one HUD area. HUD also lists it under Raleigh-Cary, 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	$1,820	$1,638 – $2,002	$1,498	$1,820
1 bedroom	$1,900	$1,710 – $2,090	$1,554	$1,920
2 bedrooms	$2,080	$1,872 – $2,288	$1,745	$2,110
3 bedrooms	$2,580	$2,322 – $2,838	$2,161	$2,640
4 bedrooms	$3,390	$3,051 – $3,729	$2,486	$3,470

A household renting a two-bedroom home at the Small Area FMR of $2,080 needs about $83,200 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 27523 lies mainly in Chatham County and Wake 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
27502	Apex	4.3 mi	$2,060
27519	Cary	4.6 mi	$2,140
27517	Chapel Hill	6.5 mi	$1,890
27713	Durham	8.6 mi	$1,920
27513	Cary	8.9 mi	$1,840
27560	Morrisville	9.3 mi	$2,120

Questions

What is the Fair Market Rent for ZIP code 27523?

HUD's FY2027 Small Area Fair Market Rents for 27523 are $1,820 (studio), $1,900 (1 BR), $2,080 (2 BR), $2,580 (3 BR) and $3,390 (4 BR) a month.

What is the Section 8 payment standard in 27523?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27523 that range is $1,872 to $2,288 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 27523?

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.