FY2027 Small Area FMR · Speed, NC

ZIP 27881 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27881 (Speed, NC) is $1,040 a month, up 6.1% from FY2026. That is 11% below the Rocky Mount, NC area-wide FMR of $1,167.

2-bedroom SAFMR$1,040per month ▲ 6.1%

Area-wide 2 BR FMR$1,167Rocky Mount, NC

Rank in the area23rdof 28 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$936

2 BR Small Area FMR$1,040

110% of SAFMR$1,144

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

Studio$840▲ 9.1%

1 BR$850▲ 9.0%

2 BR$1,040▲ 6.1%

3 BR$1,400▲ 6.1%

4 BR$1,640▲ 7.2%

FY2027 FY2026

Where 27881 sits in the Rocky Mount, NC area

Of the 28 ZIP codes HUD lists for the area, 27881 has the 23rd highest two-bedroom Small Area FMR. Rocky Mount, 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 $1,167 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 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	$840	$756 – $924	$967	$770
1 bedroom	$850	$765 – $935	$972	$780
2 bedrooms	$1,040	$936 – $1,144	$1,167	$980
3 bedrooms	$1,400	$1,260 – $1,540	$1,567	$1,320
4 bedrooms	$1,640	$1,476 – $1,804	$1,787	$1,530

A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $80,200 and the 80% low-income limit for four people is $64,150. ZIP code 27881 lies mainly in Edgecombe County. See the Rocky Mount, NC metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
27843	Hobgood	2.4 mi	$1,030
27886	Tarboro	6.6 mi	$1,040
27857	Oak City	8.4 mi	$1,130
27841	Hassell	10.2 mi	$1,060
27874	Scotland Neck	10.8 mi	$1,010
27819	Conetoe	11.3 mi	$1,380

Questions

What is the Fair Market Rent for ZIP code 27881?

HUD's FY2027 Small Area Fair Market Rents for 27881 are $840 (studio), $850 (1 BR), $1,040 (2 BR), $1,400 (3 BR) and $1,640 (4 BR) a month.

What is the Section 8 payment standard in 27881?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27881 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 27881?

The FY2026 income limits of the Rocky Mount, NC area apply: median family income $80,200, low-income (80%) limit $64,150 for a family of four.