FY2027 Small Area FMR · East Spencer, NC

ZIP 28039 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28039 (East Spencer, NC) is $1,310 a month, up 4.8% from FY2026. That is 4% above the Rowan County, NC area-wide FMR of $1,262.

2-bedroom SAFMR$1,310per month ▲ 4.8%

Area-wide 2 BR FMR$1,262Rowan County, NC

Rank in the area7thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,179

2 BR Small Area FMR$1,310

110% of SAFMR$1,441

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

Studio$1,030▲ 4.0%

1 BR$1,050▲ 5.0%

2 BR$1,310▲ 4.8%

3 BR$1,660▲ 1.2%

4 BR$2,190▲ 4.3%

FY2027 FY2026

Where 28039 sits in the Rowan County, NC area

Of the 22 ZIP codes HUD lists for the area, 28039 has the 7th highest two-bedroom Small Area FMR. Rowan 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 $1,262 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,310 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	$1,030	$927 – $1,133	$992	$990
1 bedroom	$1,050	$945 – $1,155	$1,012	$1,000
2 bedrooms	$1,310	$1,179 – $1,441	$1,262	$1,250
3 bedrooms	$1,660	$1,494 – $1,826	$1,604	$1,640
4 bedrooms	$2,190	$1,971 – $2,409	$2,109	$2,100

A household renting a two-bedroom home at the Small Area FMR of $1,310 needs about $52,400 a year to keep housing costs at 30% of income. The area median family income is $79,000 and the 80% low-income limit for four people is $66,700. ZIP code 28039 lies mainly in Rowan County. See the Rowan County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28159	Spencer	1.1 mi	$1,290
28144	Salisbury	2.5 mi	$1,310
28072	Granite Quarry	4.5 mi	$1,140
28146	Salisbury	4.8 mi	$1,140
27299	Linwood	5.8 mi	$1,160
28041	Faith	6.8 mi	$1,140

Questions

What is the Fair Market Rent for ZIP code 28039?

HUD's FY2027 Small Area Fair Market Rents for 28039 are $1,030 (studio), $1,050 (1 BR), $1,310 (2 BR), $1,660 (3 BR) and $2,190 (4 BR) a month.

What is the Section 8 payment standard in 28039?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28039 that range is $1,179 to $1,441 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28039?

The FY2026 income limits of the Rowan County, NC area apply: median family income $79,000, low-income (80%) limit $66,700 for a family of four.