FY2027 Small Area FMR · Newton, NC

ZIP 28658 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28658 (Newton, NC) is $1,260 a month, up 5.0% from FY2026. That is 10% above the Hickory-Lenoir-Morganton, NC area-wide FMR of $1,147.

2-bedroom SAFMR$1,260per month ▲ 5.0%

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

Rank in the area8thof 43 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,134

2 BR Small Area FMR$1,260

110% of SAFMR$1,386

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

Studio$1,060▲ 12.8%

1 BR$1,060▲ 7.1%

2 BR$1,260▲ 5.0%

3 BR$1,540▲ 2.7%

4 BR$1,870▲ 2.7%

FY2027 FY2026

Where 28658 sits in the Hickory-Lenoir-Morganton, NC area

Of the 43 ZIP codes HUD lists for the area, 28658 has the 8th 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 $1,260 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	$1,060	$954 – $1,166	$961	$940
1 bedroom	$1,060	$954 – $1,166	$965	$990
2 bedrooms	$1,260	$1,134 – $1,386	$1,147	$1,200
3 bedrooms	$1,540	$1,386 – $1,694	$1,399	$1,500
4 bedrooms	$1,870	$1,683 – $2,057	$1,707	$1,820

A household renting a two-bedroom home at the Small Area FMR of $1,260 needs about $50,400 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 28658 lies mainly in Catawba 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
28650	Maiden	6.3 mi	$1,010
28613	Conover	7.1 mi	$1,130
28610	Claremont	8.5 mi	$1,170
28602	Hickory	8.9 mi	$1,250
28609	Catawba	10.4 mi	$1,520
28092	Lincolnton	10.5 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 28658?

HUD's FY2027 Small Area Fair Market Rents for 28658 are $1,060 (studio), $1,060 (1 BR), $1,260 (2 BR), $1,540 (3 BR) and $1,870 (4 BR) a month.

What is the Section 8 payment standard in 28658?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28658 that range is $1,134 to $1,386 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28658?

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.