FY2027 Small Area FMR · Granite Falls, NC

ZIP 28630 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28630 (Granite Falls, NC) is $1,130 a month, up 1.8% from FY2026. That is 1% below the Hickory-Lenoir-Morganton, NC area-wide FMR of $1,147.

2-bedroom SAFMR$1,130per month ▲ 1.8%

Area-wide 2 BR FMR$1,147Hickory-Lenoir-Morganton, NC

Rank in the area23rdof 43 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,017

2 BR Small Area FMR$1,130

110% of SAFMR$1,243

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

Studio$950▲ 9.2%

1 BR$950▲ 3.3%

2 BR$1,130▲ 1.8%

3 BR$1,380▼ 0.7%

4 BR$1,680■ 0.0%

FY2027 FY2026

Where 28630 sits in the Hickory-Lenoir-Morganton, NC area

Of the 43 ZIP codes HUD lists for the area, 28630 has the 23rd highest two-bedroom Small Area FMR. Hickory-Lenoir-Morganton, 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 $1,147 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,130 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	$950	$855 – $1,045	$961	$870
1 bedroom	$950	$855 – $1,045	$965	$920
2 bedrooms	$1,130	$1,017 – $1,243	$1,147	$1,110
3 bedrooms	$1,380	$1,242 – $1,518	$1,399	$1,390
4 bedrooms	$1,680	$1,512 – $1,848	$1,707	$1,680

A household renting a two-bedroom home at the Small Area FMR of $1,130 needs about $45,200 a year to keep housing costs at 30% of income. The area median family income is $85,200 and the 80% low-income limit for four people is $68,150. ZIP code 28630 lies mainly in Caldwell County and Alexander County. See the Hickory-Lenoir-Morganton, NC metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28638	Hudson	3.4 mi	$1,010
28667	Rhodhiss	4.3 mi	$1,080
28601	Hickory	6.7 mi	$1,320
28637	Hildebran	7.9 mi	$1,010
28666	Icard	7.9 mi	$1,160
28671	Rutherford College	8.1 mi	$1,140

Questions

What is the Fair Market Rent for ZIP code 28630?

HUD's FY2027 Small Area Fair Market Rents for 28630 are $950 (studio), $950 (1 BR), $1,130 (2 BR), $1,380 (3 BR) and $1,680 (4 BR) a month.

What is the Section 8 payment standard in 28630?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28630 that range is $1,017 to $1,243 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28630?

The FY2026 income limits of the Hickory-Lenoir-Morganton, NC area apply: median family income $85,200, low-income (80%) limit $68,150 for a family of four.