FY2027 Small Area FMR · Clayton, NC
ZIP 27527 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27527 (Clayton, NC) is $1,900 a month, down 0.5% from FY2026. That is 12% above 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 27527 sits in the Raleigh-Cary, NC area
Of the 86 ZIP codes HUD lists for the area, 27527 has the 11th 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 $1,710 and $2,090 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,680 | $1,512 – $1,848 | $1,489 | $1,660 |
| 1 bedroom | $1,750 | $1,575 – $1,925 | $1,552 | $1,740 |
| 2 bedrooms | $1,900 | $1,710 – $2,090 | $1,689 | $1,910 |
| 3 bedrooms | $2,370 | $2,133 – $2,607 | $2,103 | $2,400 |
| 4 bedrooms | $3,180 | $2,862 – $3,498 | $2,823 | $3,200 |
A household renting a two-bedroom home at the Small Area FMR of $1,900 needs about $76,000 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 27527 lies mainly in Johnston 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 27527?
HUD's FY2027 Small Area Fair Market Rents for 27527 are $1,680 (studio), $1,750 (1 BR), $1,900 (2 BR), $2,370 (3 BR) and $3,180 (4 BR) a month.
What is the Section 8 payment standard in 27527?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27527 that range is $1,710 to $2,090 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 27527?
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.