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2025 FMR And Section 8 Rents For Gates County NC

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of gates-county, NC.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
74468$905$908$1050$1431$1781
74462$960$960$1110$1510$1880
74469$910$910$1050$1431$1781
74467$910$920$1060$1440$1800
74470$905$908$1050$1431$1781
74463$910$910$1050$1431$1781
74460$910$910$1050$1431$1781
74464$990$990$1150$1570$1950

Zip Code:

74468

Studio Rent:

$905

1 Bedroom Rent:

$908

2 Bedroom Rent:

$1050

3 Bedroom Rent:

$1431

4 Bedroom Rent:

$1781

Zip Code:

74462

Studio Rent:

$960

1 Bedroom Rent:

$960

2 Bedroom Rent:

$1110

3 Bedroom Rent:

$1510

4 Bedroom Rent:

$1880

Zip Code:

74469

Studio Rent:

$910

1 Bedroom Rent:

$910

2 Bedroom Rent:

$1050

3 Bedroom Rent:

$1431

4 Bedroom Rent:

$1781

Zip Code:

74467

Studio Rent:

$910

1 Bedroom Rent:

$920

2 Bedroom Rent:

$1060

3 Bedroom Rent:

$1440

4 Bedroom Rent:

$1800

Zip Code:

74470

Studio Rent:

$905

1 Bedroom Rent:

$908

2 Bedroom Rent:

$1050

3 Bedroom Rent:

$1431

4 Bedroom Rent:

$1781

Zip Code:

74463

Studio Rent:

$910

1 Bedroom Rent:

$910

2 Bedroom Rent:

$1050

3 Bedroom Rent:

$1431

4 Bedroom Rent:

$1781

Zip Code:

74460

Studio Rent:

$910

1 Bedroom Rent:

$910

2 Bedroom Rent:

$1050

3 Bedroom Rent:

$1431

4 Bedroom Rent:

$1781

Zip Code:

74464

Studio Rent:

$990

1 Bedroom Rent:

$990

2 Bedroom Rent:

$1150

3 Bedroom Rent:

$1570

4 Bedroom Rent:

$1950

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.