FY2027 Small Area FMR · Harkers Island, NC

ZIP 28531 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28531 (Harkers Island, NC) is $1,220 a month, up 2.5% from FY2026. That is 4% below the Carteret County, NC area-wide FMR of $1,277.

2-bedroom SAFMR$1,220per month ▲ 2.5%

Area-wide 2 BR FMR$1,277Carteret County, NC

Rank in the area17thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,098

2 BR Small Area FMR$1,220

110% of SAFMR$1,342

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

Studio$930▲ 3.3%

1 BR$930▲ 2.2%

2 BR$1,220▲ 2.5%

3 BR$1,540▼ 0.6%

4 BR$2,040▲ 4.1%

FY2027 FY2026

Where 28531 sits in the Carteret County, NC area

Of the 20 ZIP codes HUD lists for the area, 28531 has the 17th highest two-bedroom Small Area FMR. Carteret 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 $1,277 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,220 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	$930	$837 – $1,023	$970	$900
1 bedroom	$930	$837 – $1,023	$976	$910
2 bedrooms	$1,220	$1,098 – $1,342	$1,277	$1,190
3 bedrooms	$1,540	$1,386 – $1,694	$1,607	$1,550
4 bedrooms	$2,040	$1,836 – $2,244	$2,132	$1,960

A household renting a two-bedroom home at the Small Area FMR of $1,220 needs about $48,800 a year to keep housing costs at 30% of income. The area median family income is $103,500 and the 80% low-income limit for four people is $82,800. ZIP code 28531 lies mainly in Carteret County. See the Carteret County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28528	Gloucester	2.5 mi	$1,280
28553	Marshallberg	3.3 mi	$1,280
28579	Smyrna	5.3 mi	$1,280
28524	Davis	8.1 mi	$1,280
28589	Williston	8.4 mi	$1,280
28557	Morehead City	11.4 mi	$1,350

Questions

What is the Fair Market Rent for ZIP code 28531?

HUD's FY2027 Small Area Fair Market Rents for 28531 are $930 (studio), $930 (1 BR), $1,220 (2 BR), $1,540 (3 BR) and $2,040 (4 BR) a month.

What is the Section 8 payment standard in 28531?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28531 that range is $1,098 to $1,342 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28531?

The FY2026 income limits of the Carteret County, NC area apply: median family income $103,500, low-income (80%) limit $82,800 for a family of four.