FY2027 Small Area FMR · Charlotte, NC

ZIP 28273 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28273 (Charlotte, NC) is $2,200 a month, up 3.3% from FY2026. That is 23% above the Charlotte-Concord-Gastonia, NC-SC area-wide FMR of $1,785.

2-bedroom SAFMR$2,200per month ▲ 3.3%

Area-wide 2 BR FMR$1,785Charlotte-Concord-Gastonia,

Rank in the area7thof 129 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,980

2 BR Small Area FMR$2,200

110% of SAFMR$2,420

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

Studio$1,940▲ 4.3%

1 BR$2,020▲ 4.1%

2 BR$2,200▲ 3.3%

3 BR$2,690▲ 2.7%

4 BR$3,420▲ 2.7%

FY2027 FY2026

Where 28273 sits in the Charlotte-Concord-Gastonia, NC-SC area

Of the 129 ZIP codes HUD lists for the area, 28273 has the 7th highest two-bedroom Small Area FMR. Charlotte-Concord-Gastonia, NC-SC is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,980 and $2,420 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,940	$1,746 – $2,134	$1,574	$1,860
1 bedroom	$2,020	$1,818 – $2,222	$1,640	$1,940
2 bedrooms	$2,200	$1,980 – $2,420	$1,785	$2,130
3 bedrooms	$2,690	$2,421 – $2,959	$2,179	$2,620
4 bedrooms	$3,420	$3,078 – $3,762	$2,773	$3,330

A household renting a two-bedroom home at the Small Area FMR of $2,200 needs about $88,000 a year to keep housing costs at 30% of income. The area median family income is $117,400 and the 80% low-income limit for four people is $93,900. ZIP code 28273 lies mainly in Mecklenburg County. See the Charlotte-Concord-Gastonia, NC-SC metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28278	Charlotte	3.5 mi	$2,120
28217	Charlotte	3.6 mi	$2,030
28134	Pineville	4.2 mi	$2,010
28210	Charlotte	5.1 mi	$1,940
29708	Fort Mill	5.9 mi	$1,940
28209	Charlotte	6.3 mi	$1,930

Questions

What is the Fair Market Rent for ZIP code 28273?

HUD's FY2027 Small Area Fair Market Rents for 28273 are $1,940 (studio), $2,020 (1 BR), $2,200 (2 BR), $2,690 (3 BR) and $3,420 (4 BR) a month.

What is the Section 8 payment standard in 28273?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28273 that range is $1,980 to $2,420 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28273?

The FY2026 income limits of the Charlotte-Concord-Gastonia, NC-SC area apply: median family income $117,400, low-income (80%) limit $93,900 for a family of four.