FY2027 Small Area FMR · Edenton, NC
ZIP 27932 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27932 (Edenton, NC) is $1,320 a month, up 7.3% from FY2026. That is 1% below the Chowan County, NC area-wide FMR of $1,331.
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 27932 sits in the Chowan County, NC area
Of the 4 ZIP codes HUD lists for the area, 27932 has the 3rd highest two-bedroom Small Area FMR. Chowan County, 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 $1,331 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,320 for this ZIP code instead.
ZIP code 27932 crosses more than one HUD area. HUD also lists it under Perquimans County, NC (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,000 | $900 – $1,100 | $1,011 | $930 |
| 1 bedroom | $1,010 | $909 – $1,111 | $1,017 | $940 |
| 2 bedrooms | $1,320 | $1,188 – $1,452 | $1,331 | $1,230 |
| 3 bedrooms | $1,580 | $1,422 – $1,738 | $1,586 | $1,480 |
| 4 bedrooms | $1,740 | $1,566 – $1,914 | $1,749 | $1,630 |
A household renting a two-bedroom home at the Small Area FMR of $1,320 needs about $52,800 a year to keep housing costs at 30% of income. The area median family income is $76,900 and the 80% low-income limit for four people is $62,650. ZIP code 27932 lies mainly in Chowan County and Perquimans County. See the Chowan County, NC county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 27932?
HUD's FY2027 Small Area Fair Market Rents for 27932 are $1,000 (studio), $1,010 (1 BR), $1,320 (2 BR), $1,580 (3 BR) and $1,740 (4 BR) a month.
What is the Section 8 payment standard in 27932?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27932 that range is $1,188 to $1,452 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 27932?
The FY2026 income limits of the Chowan County, NC area apply: median family income $76,900, low-income (80%) limit $62,650 for a family of four.