FY2027 Small Area FMR · Salvo, NC

ZIP 27972 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 27972 (Salvo, NC) is $1,510 a month, up 5.6% from FY2026. That is 0% equal to the Dare County, NC area-wide FMR of $1,510.

2-bedroom SAFMR$1,510per month ▲ 5.6%

Area-wide 2 BR FMR$1,510Dare County, NC

Rank in the area5thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,359

2 BR Small Area FMR$1,510

110% of SAFMR$1,661

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

Studio$1,190▲ 6.2%

1 BR$1,390▲ 6.9%

2 BR$1,510▲ 5.6%

3 BR$1,920▲ 5.5%

4 BR$2,000▲ 5.8%

FY2027 FY2026

Where 27972 sits in the Dare County, NC area

Of the 14 ZIP codes HUD lists for the area, 27972 has the 5th highest two-bedroom Small Area FMR. Dare 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 $1,510 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,510 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	$1,190	$1,071 – $1,309	$1,194	$1,120
1 bedroom	$1,390	$1,251 – $1,529	$1,387	$1,300
2 bedrooms	$1,510	$1,359 – $1,661	$1,510	$1,430
3 bedrooms	$1,920	$1,728 – $2,112	$1,918	$1,820
4 bedrooms	$2,000	$1,800 – $2,200	$2,001	$1,890

A household renting a two-bedroom home at the Small Area FMR of $1,510 needs about $60,400 a year to keep housing costs at 30% of income. The area median family income is $116,900 and the 80% low-income limit for four people is $88,150. ZIP code 27972 lies mainly in Dare County. See the Dare County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
27982	Waves	1.0 mi	$1,510
27915	Avon	10.2 mi	$1,510
27968	Rodanthe	12.6 mi	$1,510
27978	Stumpy Point	19.3 mi	$1,390
27920	Buxton	20.8 mi	$1,510
27936	Frisco	22.7 mi	$1,660

Questions

What is the Fair Market Rent for ZIP code 27972?

HUD's FY2027 Small Area Fair Market Rents for 27972 are $1,190 (studio), $1,390 (1 BR), $1,510 (2 BR), $1,920 (3 BR) and $2,000 (4 BR) a month.

What is the Section 8 payment standard in 27972?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 27972 that range is $1,359 to $1,661 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 27972?

The FY2026 income limits of the Dare County, NC area apply: median family income $116,900, low-income (80%) limit $88,150 for a family of four.