Fair Market Rent · North Carolina
Fair Market Rent in Wake 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 Wake County is $1,689 a month, -3.5% from FY2026. Wake County is part of the Raleigh-Cary, NC MSA (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 | $1,489 | $1,524 | -2.3% | $1,340–1,638 |
| 1 bedroom | $1,552 | $1,596 | -2.8% | $1,397–1,707 |
| 2 bedrooms | $1,689 | $1,750 | -3.5% | $1,520–1,858 |
| 3 bedrooms | $2,103 | $2,196 | -4.2% | $1,893–2,313 |
| 4 bedrooms | $2,823 | $2,936 | -3.8% | $2,541–3,105 |
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 Wake 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 |
|---|---|---|---|---|
| 27502 | Apex | $2,060 | $1,704 | $1,909 |
| 27511 | Cary | $1,610 | $1,504 | $1,515 |
| 27513 | Cary | $1,840 | $1,646 | $1,617 |
| 27518 | Cary | $1,800 | $1,741 | $1,681 |
| 27519 | Cary | $2,140 | $1,834 | $1,952 |
| 27529 | Garner | $1,580 | $1,468 | $1,464 |
| 27539 | Apex | $1,990 | $1,769 | $1,885 |
| 27540 | Holly Springs | $2,060 | $1,821 | $1,947 |
| 27545 | Knightdale | $1,780 | $1,565 | $1,652 |
| 27560 | Morrisville | $2,120 | $1,826 | $1,840 |
| 27571 | Rolesville | $1,670 | $1,570 | $1,085 |
| 27587 | Wake Forest | $1,670 | $1,515 | $1,544 |
| 27591 | Wendell | $1,440 | $1,313 | $1,341 |
| 27592 | Willow Spring | $1,220 | $885 | $948 |
| 27597 | Zebulon | $1,220 | $831 | $997 |
| 27601 | Raleigh | $1,750 | $1,551 | $1,550 |
| 27603 | Raleigh | $1,600 | $1,476 | $1,547 |
| 27604 | Raleigh | $1,620 | $1,425 | $1,480 |
| 27605 | Raleigh | $1,830 | $1,814 | $1,668 |
| 27606 | Raleigh | $1,660 | $1,497 | $1,432 |
| 27607 | Raleigh | $1,730 | $1,579 | $1,610 |
| 27608 | Raleigh | $1,800 | $1,683 | $1,878 |
| 27609 | Raleigh | $1,730 | $1,594 | $1,474 |
| 27610 | Raleigh | $1,420 | $1,222 | $1,449 |
| 27612 | Raleigh | $1,950 | $1,710 | $1,620 |
| 27613 | Raleigh | $1,690 | $1,688 | $1,628 |
| 27614 | Raleigh | $1,750 | $1,545 | $1,647 |
| 27615 | Raleigh | $1,880 | $1,661 | $1,612 |
| 27616 | Raleigh | $1,740 | $1,593 | $1,659 |
| 27617 | Raleigh | $1,910 | $1,744 | $1,736 |
| 27695 | Raleigh | $1,730 | – | – |
| 27697 | Raleigh | $1,740 | – | – |
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.