FY2027 Small Area FMR · Emerald Isle, NC
ZIP 28594 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28594 (Emerald Isle, NC) is $1,860 a month, up 10.1% from FY2026. That is 46% 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 28594 sits in the Carteret County, NC area
Of the 20 ZIP codes HUD lists for the area, 28594 has the 1st 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 $1,860 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,410 | $1,269 – $1,551 | $970 | $1,280 |
| 1 bedroom | $1,420 | $1,278 – $1,562 | $976 | $1,290 |
| 2 bedrooms | $1,860 | $1,674 – $2,046 | $1,277 | $1,690 |
| 3 bedrooms | $2,340 | $2,106 – $2,574 | $1,607 | $2,170 |
| 4 bedrooms | $3,110 | $2,799 – $3,421 | $2,132 | $2,770 |
A household renting a two-bedroom home at the Small Area FMR of $1,860 needs about $74,400 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 28594 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 28594?
HUD's FY2027 Small Area Fair Market Rents for 28594 are $1,410 (studio), $1,420 (1 BR), $1,860 (2 BR), $2,340 (3 BR) and $3,110 (4 BR) a month.
What is the Section 8 payment standard in 28594?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28594 that range is $1,674 to $2,046 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 28594?
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.