FY2027 Small Area FMR · Piney Creek, NC

ZIP 28663 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28663 (Piney Creek, NC) is $1,050 a month, up 7.1% from FY2026. That is 0% equal to the Alleghany County, NC area-wide FMR of $1,048.

2-bedroom SAFMR$1,050per month ▲ 7.1%

Area-wide 2 BR FMR$1,048Alleghany County, NC

Rank in the area5thof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$945

2 BR Small Area FMR$1,050

110% of SAFMR$1,155

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

Studio$800▲ 8.1%

1 BR$800▲ 6.7%

2 BR$1,050▲ 7.1%

3 BR$1,250▲ 5.9%

4 BR$1,590▲ 8.2%

FY2027 FY2026

Where 28663 sits in the Alleghany County, NC area

Of the 8 ZIP codes HUD lists for the area, 28663 has the 5th 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 $1,050 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	$800	$720 – $880	$796	$740
1 bedroom	$800	$720 – $880	$801	$750
2 bedrooms	$1,050	$945 – $1,155	$1,048	$980
3 bedrooms	$1,250	$1,125 – $1,375	$1,249	$1,180
4 bedrooms	$1,590	$1,431 – $1,749	$1,585	$1,470

A household renting a two-bedroom home at the Small Area FMR of $1,050 needs about $42,000 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 28663 lies mainly in Alleghany County. See the Alleghany County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28672	Scottville	3.5 mi	$1,010
28617	Crumpler	4.6 mi	$1,010
28631	Grassy Creek	5.7 mi	$1,180
28644	Laurel Springs	7.5 mi	$1,040
24363	Mouth Of Wilson	7.9 mi	$940
24348	Independence	9.8 mi	$940

Questions

What is the Fair Market Rent for ZIP code 28663?

HUD's FY2027 Small Area Fair Market Rents for 28663 are $800 (studio), $800 (1 BR), $1,050 (2 BR), $1,250 (3 BR) and $1,590 (4 BR) a month.

What is the Section 8 payment standard in 28663?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28663 that range is $945 to $1,155 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28663?

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.