FY2027 Small Area FMR · Icard, NC

ZIP 28666 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28666 (Icard, NC) is $1,160 a month, up 5.5% from FY2026. That is 1% above the Hickory-Lenoir-Morganton, NC area-wide FMR of $1,147.

2-bedroom SAFMR$1,160per month ▲ 5.5%

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

Rank in the area17thof 43 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,044

2 BR Small Area FMR$1,160

110% of SAFMR$1,276

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

Studio$980▲ 14.0%

1 BR$980▲ 7.7%

2 BR$1,160▲ 5.5%

3 BR$1,420▲ 3.6%

4 BR$1,730▲ 4.2%

FY2027 FY2026

Where 28666 sits in the Hickory-Lenoir-Morganton, NC area

Of the 43 ZIP codes HUD lists for the area, 28666 has the 17th 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 $1,160 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	$980	$882 – $1,078	$961	$860
1 bedroom	$980	$882 – $1,078	$965	$910
2 bedrooms	$1,160	$1,044 – $1,276	$1,147	$1,100
3 bedrooms	$1,420	$1,278 – $1,562	$1,399	$1,370
4 bedrooms	$1,730	$1,557 – $1,903	$1,707	$1,660

A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 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 28666 lies mainly in Burke 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
28637	Hildebran	2.9 mi	$1,010
28671	Rutherford College	3.7 mi	$1,140
28667	Rhodhiss	3.9 mi	$1,080
28690	Valdese	5.8 mi	$1,200
28602	Hickory	6.0 mi	$1,250
28612	Connelly Springs	6.4 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 28666?

HUD's FY2027 Small Area Fair Market Rents for 28666 are $980 (studio), $980 (1 BR), $1,160 (2 BR), $1,420 (3 BR) and $1,730 (4 BR) a month.

What is the Section 8 payment standard in 28666?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28666 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28666?

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.