FY2027 Small Area FMR · Laurel Springs, NC
ZIP 28644 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28644 (Laurel Springs, NC) is $1,040 a month, up 8.3% from FY2026. That is 1% below the Alleghany County, NC area-wide FMR of $1,048.
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 28644 sits in the Alleghany County, NC area
Of the 8 ZIP codes HUD lists for the area, 28644 has the 6th 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 $1,040 for this ZIP code instead.
ZIP code 28644 crosses more than one HUD area. HUD also lists it under Ashe County, NC (same figures) and Wilkes County, NC (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $800 | $720 – $880 | $796 | $740 |
| 1 bedroom | $810 | $729 – $891 | $801 | $740 |
| 2 bedrooms | $1,040 | $936 – $1,144 | $1,048 | $960 |
| 3 bedrooms | $1,310 | $1,179 – $1,441 | $1,249 | $1,220 |
| 4 bedrooms | $1,480 | $1,332 – $1,628 | $1,585 | $1,390 |
A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 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 28644 lies mainly in Alleghany County, Ashe County and Wilkes County. See the Alleghany 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 28644?
HUD's FY2027 Small Area Fair Market Rents for 28644 are $800 (studio), $810 (1 BR), $1,040 (2 BR), $1,310 (3 BR) and $1,480 (4 BR) a month.
What is the Section 8 payment standard in 28644?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28644 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 28644?
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.