FY2027 Small Area FMR · Lenoir, NC
ZIP 28645 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28645 (Lenoir, NC) is $1,060 a month, down 7.8% from FY2026. That is 8% below the Hickory-Lenoir-Morganton, NC area-wide FMR of $1,147.
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 28645 sits in the Hickory-Lenoir-Morganton, NC area
Of the 43 ZIP codes HUD lists for the area, 28645 has the 32nd 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 $1,060 for this ZIP code instead.
ZIP code 28645 crosses more than one HUD area. HUD also lists it under Watauga 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 | $850 | $765 – $935 | $961 | $790 |
| 1 bedroom | $890 | $801 – $979 | $965 | $910 |
| 2 bedrooms | $1,060 | $954 – $1,166 | $1,147 | $1,150 |
| 3 bedrooms | $1,360 | $1,224 – $1,496 | $1,399 | $1,400 |
| 4 bedrooms | $1,780 | $1,602 – $1,958 | $1,707 | $1,930 |
A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 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 28645 lies mainly in Caldwell County, Watauga County and Burke County. See the Hickory-Lenoir-Morganton, NC metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 28645?
HUD's FY2027 Small Area Fair Market Rents for 28645 are $850 (studio), $890 (1 BR), $1,060 (2 BR), $1,360 (3 BR) and $1,780 (4 BR) a month.
What is the Section 8 payment standard in 28645?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28645 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 28645?
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.