FY2027 Small Area FMR · Stony Point, NC
ZIP 28678 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28678 (Stony Point, NC) is $1,210 a month, down 3.2% from FY2026. That is 15% below the Iredell County, NC area-wide FMR of $1,429.
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 28678 sits in the Iredell County, NC area
Of the 20 ZIP codes HUD lists for the area, 28678 has the 10th highest two-bedroom Small Area FMR. Iredell 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 $1,429 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,210 for this ZIP code instead.
ZIP code 28678 crosses more than one HUD area. HUD also lists it under Hickory-Lenoir-Morganton, 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 | $1,060 | $954 – $1,166 | $1,260 | $1,090 |
| 1 bedroom | $1,100 | $990 – $1,210 | $1,313 | $1,130 |
| 2 bedrooms | $1,210 | $1,089 – $1,331 | $1,429 | $1,250 |
| 3 bedrooms | $1,630 | $1,467 – $1,793 | $1,897 | $1,720 |
| 4 bedrooms | $2,030 | $1,827 – $2,233 | $2,389 | $2,100 |
A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 a year to keep housing costs at 30% of income. The area median family income is $107,300 and the 80% low-income limit for four people is $85,850. ZIP code 28678 lies mainly in Iredell County and Alexander County. See the Iredell 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 28678?
HUD's FY2027 Small Area Fair Market Rents for 28678 are $1,060 (studio), $1,100 (1 BR), $1,210 (2 BR), $1,630 (3 BR) and $2,030 (4 BR) a month.
What is the Section 8 payment standard in 28678?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28678 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 28678?
The FY2026 income limits of the Iredell County, NC area apply: median family income $107,300, low-income (80%) limit $85,850 for a family of four.