FY2027 Small Area FMR · Glade Valley, NC

ZIP 28627 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28627 (Glade Valley, NC) is $1,070 a month, up 8.1% from FY2026. That is 2% above the Alleghany County, NC area-wide FMR of $1,048.

2-bedroom SAFMR$1,070per month ▲ 8.1%

Area-wide 2 BR FMR$1,048Alleghany County, NC

Rank in the area3rdof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$820▲ 7.9%

1 BR$830▲ 9.2%

2 BR$1,070▲ 8.1%

3 BR$1,280▲ 7.6%

4 BR$1,610▲ 7.3%

FY2027 FY2026

Where 28627 sits in the Alleghany County, NC area

Of the 8 ZIP codes HUD lists for the area, 28627 has the 3rd highest two-bedroom Small Area FMR. Alleghany 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 $1,048 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 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	$820	$738 – $902	$796	$760
1 bedroom	$830	$747 – $913	$801	$760
2 bedrooms	$1,070	$963 – $1,177	$1,048	$990
3 bedrooms	$1,280	$1,152 – $1,408	$1,249	$1,190
4 bedrooms	$1,610	$1,449 – $1,771	$1,585	$1,500

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $71,000 and the 80% low-income limit for four people is $62,650. ZIP code 28627 lies mainly in Alleghany County. See the Alleghany County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28668	Roaring Gap	3.4 mi	$1,020
28623	Ennice	5.4 mi	$1,070
28683	Thurmond	6.9 mi	$1,010
28685	Traphill	7.2 mi	$1,030
28675	Sparta	8.0 mi	$1,080
27024	Lowgap	10.1 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 28627?

HUD's FY2027 Small Area Fair Market Rents for 28627 are $820 (studio), $830 (1 BR), $1,070 (2 BR), $1,280 (3 BR) and $1,610 (4 BR) a month.

What is the Section 8 payment standard in 28627?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28627 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28627?

The FY2026 income limits of the Alleghany County, NC area apply: median family income $71,000, low-income (80%) limit $62,650 for a family of four.