FY2027 Small Area FMR · Morehead City, NC
ZIP 28557 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28557 (Morehead City, NC) is $1,350 a month, up 6.3% from FY2026. That is 6% above the Carteret County, NC area-wide FMR of $1,277.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 28557 sits in the Carteret County, NC area
Of the 20 ZIP codes HUD lists for the area, 28557 has the 4th 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 $1,350 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,030 | $927 – $1,133 | $970 | $960 |
| 1 bedroom | $1,030 | $927 – $1,133 | $976 | $970 |
| 2 bedrooms | $1,350 | $1,215 – $1,485 | $1,277 | $1,270 |
| 3 bedrooms | $1,700 | $1,530 – $1,870 | $1,607 | $1,630 |
| 4 bedrooms | $2,250 | $2,025 – $2,475 | $2,132 | $2,080 |
A household renting a two-bedroom home at the Small Area FMR of $1,350 needs about $54,000 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 28557 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
Questions
What is the Fair Market Rent for ZIP code 28557?
HUD's FY2027 Small Area Fair Market Rents for 28557 are $1,030 (studio), $1,030 (1 BR), $1,350 (2 BR), $1,700 (3 BR) and $2,250 (4 BR) a month.
What is the Section 8 payment standard in 28557?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28557 that range is $1,215 to $1,485 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 28557?
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.