FY2027 Small Area FMR · Lenoir, NC

ZIP 28633 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28633 (Lenoir, NC) is $1,010 a month, up 3.1% from FY2026. That is 12% below the Hickory-Lenoir-Morganton, NC area-wide FMR of $1,147.

2-bedroom SAFMR$1,010per month ▲ 3.1%

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

Rank in the area34thof 43 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$850▲ 10.4%

1 BR$850▲ 4.9%

2 BR$1,010▲ 3.1%

3 BR$1,240▲ 0.8%

4 BR$1,510▲ 1.3%

FY2027 FY2026

Where 28633 sits in the Hickory-Lenoir-Morganton, NC area

Of the 43 ZIP codes HUD lists for the area, 28633 has the 34th 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 $1,010 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	$850	$765 – $935	$961	$770
1 bedroom	$850	$765 – $935	$965	$810
2 bedrooms	$1,010	$909 – $1,111	$1,147	$980
3 bedrooms	$1,240	$1,116 – $1,364	$1,399	$1,230
4 bedrooms	$1,510	$1,359 – $1,661	$1,707	$1,490

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 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 28633 lies mainly in Caldwell 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
28645	Lenoir	4.5 mi	$1,060
28638	Hudson	5.9 mi	$1,010
28630	Granite Falls	8.7 mi	$1,130
28671	Rutherford College	11.2 mi	$1,140
28619	Drexel	11.3 mi	$1,010
28667	Rhodhiss	11.8 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 28633?

HUD's FY2027 Small Area Fair Market Rents for 28633 are $850 (studio), $850 (1 BR), $1,010 (2 BR), $1,240 (3 BR) and $1,510 (4 BR) a month.

What is the Section 8 payment standard in 28633?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28633 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28633?

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.