FY2027 Small Area FMR · Gatesville, NC
ZIP 27938 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27938 (Gatesville, NC) is $1,710 a month, down 8.6% from FY2026. That is 3% above the Gates County, NC area-wide FMR of $1,665.
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 27938 sits in the Gates County, NC area
Of the 8 ZIP codes HUD lists for the area, 27938 has the 4th highest two-bedroom Small Area FMR. Gates 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 $1,665 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,710 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,510 | $1,359 – $1,661 | $1,468 | $1,630 |
| 1 bedroom | $1,530 | $1,377 – $1,683 | $1,489 | $1,660 |
| 2 bedrooms | $1,710 | $1,539 – $1,881 | $1,665 | $1,870 |
| 3 bedrooms | $2,350 | $2,115 – $2,585 | $2,291 | $2,590 |
| 4 bedrooms | $2,780 | $2,502 – $3,058 | $2,708 | $3,060 |
A household renting a two-bedroom home at the Small Area FMR of $1,710 needs about $68,400 a year to keep housing costs at 30% of income. The area median family income is $83,900 and the 80% low-income limit for four people is $70,900. ZIP code 27938 lies mainly in Gates County. See the Gates 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 27938?
HUD's FY2027 Small Area Fair Market Rents for 27938 are $1,510 (studio), $1,530 (1 BR), $1,710 (2 BR), $2,350 (3 BR) and $2,780 (4 BR) a month.
What is the Section 8 payment standard in 27938?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27938 that range is $1,539 to $1,881 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 27938?
The FY2026 income limits of the Gates County, NC area apply: median family income $83,900, low-income (80%) limit $70,900 for a family of four.