FY2027 Small Area FMR · Lemon Springs, NC

ZIP 28355 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28355 (Lemon Springs, NC) is $1,180 a month, up 3.5% from FY2026. That is 0% equal to the Lee County, NC area-wide FMR of $1,179.

2-bedroom SAFMR$1,180per month ▲ 3.5%

Area-wide 2 BR FMR$1,179Lee County, NC

Rank in the area4thof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,062

2 BR Small Area FMR$1,180

110% of SAFMR$1,298

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

Studio$910▲ 3.4%

1 BR$910▲ 3.4%

2 BR$1,180▲ 3.5%

3 BR$1,410▲ 2.9%

4 BR$1,810▲ 5.2%

FY2027 FY2026

Where 28355 sits in the Lee County, NC area

Of the 6 ZIP codes HUD lists for the area, 28355 has the 4th highest two-bedroom Small Area FMR. Lee 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 $1,179 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,180 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	$910	$819 – $1,001	$906	$880
1 bedroom	$910	$819 – $1,001	$912	$880
2 bedrooms	$1,180	$1,062 – $1,298	$1,179	$1,140
3 bedrooms	$1,410	$1,269 – $1,551	$1,405	$1,370
4 bedrooms	$1,810	$1,629 – $1,991	$1,805	$1,720

A household renting a two-bedroom home at the Small Area FMR of $1,180 needs about $47,200 a year to keep housing costs at 30% of income. The area median family income is $85,400 and the 80% low-income limit for four people is $67,200. ZIP code 28355 lies mainly in Lee County. See the Lee County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
27332	Sanford	3.2 mi	$1,250
28368	Olivia	5.2 mi	$1,250
27330	Sanford	8.6 mi	$1,540
28326	Cameron	8.6 mi	$1,490
27505	Broadway	11.1 mi	$1,030
28350	Lakeview	12.1 mi	$1,460

Questions

What is the Fair Market Rent for ZIP code 28355?

HUD's FY2027 Small Area Fair Market Rents for 28355 are $910 (studio), $910 (1 BR), $1,180 (2 BR), $1,410 (3 BR) and $1,810 (4 BR) a month.

What is the Section 8 payment standard in 28355?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28355 that range is $1,062 to $1,298 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28355?

The FY2026 income limits of the Lee County, NC area apply: median family income $85,400, low-income (80%) limit $67,200 for a family of four.