FY2027 Small Area FMR · Oakboro, NC

ZIP 28129 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28129 (Oakboro, NC) is $1,040 a month, up 11.8% from FY2026. That is 3% above the Stanly County, NC area-wide FMR of $1,012.

2-bedroom SAFMR$1,040per month ▲ 11.8%

Area-wide 2 BR FMR$1,012Stanly County, NC

Rank in the area7thof 13 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$790▲ 23.4%

1 BR$800▲ 14.3%

2 BR$1,040▲ 11.8%

3 BR$1,430▲ 11.7%

4 BR$1,490▲ 1.4%

FY2027 FY2026

Where 28129 sits in the Stanly County, NC area

Of the 13 ZIP codes HUD lists for the area, 28129 has the 7th highest two-bedroom Small Area FMR. Stanly 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 $1,012 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	$790	$711 – $869	$769	$640
1 bedroom	$800	$720 – $880	$774	$700
2 bedrooms	$1,040	$936 – $1,144	$1,012	$930
3 bedrooms	$1,430	$1,287 – $1,573	$1,388	$1,280
4 bedrooms	$1,490	$1,341 – $1,639	$1,447	$1,470

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 $80,400 and the 80% low-income limit for four people is $67,150. ZIP code 28129 lies mainly in Stanly County. See the Stanly County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28097	Locust	5.8 mi	$1,020
28163	Stanfield	6.0 mi	$1,010
28128	Norwood	9.8 mi	$1,010
28001	Albemarle	10.0 mi	$1,040
28107	Midland	10.9 mi	$1,440
28124	Mount Pleasant	12.5 mi	$1,360

Questions

What is the Fair Market Rent for ZIP code 28129?

HUD's FY2027 Small Area Fair Market Rents for 28129 are $790 (studio), $800 (1 BR), $1,040 (2 BR), $1,430 (3 BR) and $1,490 (4 BR) a month.

What is the Section 8 payment standard in 28129?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28129 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 28129?

The FY2026 income limits of the Stanly County, NC area apply: median family income $80,400, low-income (80%) limit $67,150 for a family of four.