Fair Market Rent · North Carolina
Fair Market Rent in New Hanover County, NC
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in New Hanover County is $1,705 a month, +2.8% from FY2026. New Hanover County is part of the Wilmington, NC HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,187 | $1,144 | +3.8% | $1,068–1,306 |
| 1 bedroom | $1,566 | $1,513 | +3.5% | $1,409–1,723 |
| 2 bedrooms | $1,705 | $1,659 | +2.8% | $1,534–1,876 |
| 3 bedrooms | $2,238 | $2,178 | +2.8% | $2,014–2,462 |
| 4 bedrooms | $2,241 | $2,319 | -3.4% | $2,017–2,465 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in New Hanover County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 28401 | Wilmington | $1,500 | $1,303 | $1,274 |
| 28403 | Wilmington | $1,690 | $1,423 | $1,380 |
| 28405 | Wilmington | $1,740 | $1,341 | $1,440 |
| 28409 | Wilmington | $1,940 | $1,226 | $1,405 |
| 28411 | Wilmington | $2,100 | $1,788 | $1,778 |
| 28412 | Wilmington | $1,780 | $1,438 | $1,411 |
| 28428 | Carolina Beach | $1,840 | $1,204 | $1,505 |
| 28429 | Castle Hayne | $1,500 | $860 | $1,095 |
| 28449 | Kure Beach | $1,750 | – | $1,420 |
| 28480 | Wrightsville Beach | $2,560 | $1,659 | $2,336 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.