FY2027 Small Area FMR · Lakeview, NC

ZIP 28350 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28350 (Lakeview, NC) is $1,460 a month, down 9.9% from FY2026. That is 19% above the Pinehurst-Southern Pines, NC area-wide FMR of $1,223.

2-bedroom SAFMR$1,460per month ▼ 9.9%

Area-wide 2 BR FMR$1,223Pinehurst-Southern Pines, NC

Rank in the area7thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,314

2 BR Small Area FMR$1,460

110% of SAFMR$1,606

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

Studio$1,250▼ 9.4%

1 BR$1,340▼ 9.5%

2 BR$1,460▼ 9.9%

3 BR$2,030▼ 9.8%

4 BR$2,440▼ 10.0%

FY2027 FY2026

Where 28350 sits in the Pinehurst-Southern Pines, NC area

Of the 22 ZIP codes HUD lists for the area, 28350 has the 7th highest two-bedroom Small Area FMR. Pinehurst-Southern Pines, 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 $1,223 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,460 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	$1,250	$1,125 – $1,375	$1,042	$1,380
1 bedroom	$1,340	$1,206 – $1,474	$1,116	$1,480
2 bedrooms	$1,460	$1,314 – $1,606	$1,223	$1,620
3 bedrooms	$2,030	$1,827 – $2,233	$1,701	$2,250
4 bedrooms	$2,440	$2,196 – $2,684	$2,051	$2,710

A household renting a two-bedroom home at the Small Area FMR of $1,460 needs about $58,400 a year to keep housing costs at 30% of income. The area median family income is $106,300 and the 80% low-income limit for four people is $85,050. ZIP code 28350 lies mainly in Moore County. See the Pinehurst-Southern Pines, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28394	Vass	4.5 mi	$1,550
28387	Southern Pines	5.7 mi	$1,230
28374	Pinehurst	9.0 mi	$1,800
28326	Cameron	9.2 mi	$1,490
28327	Carthage	9.6 mi	$1,480
28315	Aberdeen	10.9 mi	$1,230

Questions

What is the Fair Market Rent for ZIP code 28350?

HUD's FY2027 Small Area Fair Market Rents for 28350 are $1,250 (studio), $1,340 (1 BR), $1,460 (2 BR), $2,030 (3 BR) and $2,440 (4 BR) a month.

What is the Section 8 payment standard in 28350?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28350 that range is $1,314 to $1,606 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28350?

The FY2026 income limits of the Pinehurst-Southern Pines, NC area apply: median family income $106,300, low-income (80%) limit $85,050 for a family of four.