FY2027 Small Area FMR · Wilmington, NC

ZIP 28409 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28409 (Wilmington, NC) is $1,940 a month, down 1.0% from FY2026. That is 14% above the Wilmington, NC area-wide FMR of $1,705.

2-bedroom SAFMR$1,940per month ▼ 1.0%

Area-wide 2 BR FMR$1,705Wilmington, NC

Rank in the area3rdof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,746

2 BR Small Area FMR$1,940

110% of SAFMR$2,134

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

Studio$1,350■ 0.0%

1 BR$1,780▼ 0.6%

2 BR$1,940▼ 1.0%

3 BR$2,550▼ 0.8%

4 BR$2,550▼ 6.9%

FY2027 FY2026

Where 28409 sits in the Wilmington, NC area

Of the 15 ZIP codes HUD lists for the area, 28409 has the 3rd highest two-bedroom Small Area FMR. Wilmington, 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 $1,705 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,940 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	$1,350	$1,215 – $1,485	$1,187	$1,350
1 bedroom	$1,780	$1,602 – $1,958	$1,566	$1,790
2 bedrooms	$1,940	$1,746 – $2,134	$1,705	$1,960
3 bedrooms	$2,550	$2,295 – $2,805	$2,238	$2,570
4 bedrooms	$2,550	$2,295 – $2,805	$2,241	$2,740

A household renting a two-bedroom home at the Small Area FMR of $1,940 needs about $77,600 a year to keep housing costs at 30% of income. The area median family income is $109,200 and the 80% low-income limit for four people is $87,350. ZIP code 28409 lies mainly in New Hanover County. See the Wilmington, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28412	Wilmington	3.6 mi	$1,780
28403	Wilmington	4.7 mi	$1,690
28480	Wrightsville Beach	6.1 mi	$2,560
28405	Wilmington	7.5 mi	$1,740
28428	Carolina Beach	8.0 mi	$1,840
28479	Winnabow	9.6 mi	$1,590

Questions

What is the Fair Market Rent for ZIP code 28409?

HUD's FY2027 Small Area Fair Market Rents for 28409 are $1,350 (studio), $1,780 (1 BR), $1,940 (2 BR), $2,550 (3 BR) and $2,550 (4 BR) a month.

What is the Section 8 payment standard in 28409?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28409 that range is $1,746 to $2,134 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28409?

The FY2026 income limits of the Wilmington, NC area apply: median family income $109,200, low-income (80%) limit $87,350 for a family of four.