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2025 FMR And Section 8 Rents For Rowan 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 rowan-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
14904$925$931$1121$1483$1702
15003$960$970$1150$1490$1770
15014$925$931$1121$1483$1702
14894$925$931$1121$1483$1702
14903$925$931$1121$1483$1702
15004$1080$1100$1240$1700$2100
15010$950$950$1150$1520$1750
15012$925$931$1121$1483$1702
14895$930$940$1130$1490$1720
15018$925$940$1121$1483$1780
14901$925$931$1121$1483$1702
14905$970$990$1140$1483$1780
15001$1080$1110$1260$1600$1990
14898$950$950$1150$1520$1750
15015$930$940$1130$1490$1720
15009$970$980$1170$1540$1780
15005$1020$1030$1240$1640$1890
15007$980$990$1190$1570$1810
14893$925$931$1121$1483$1702
14897$1480$1520$1700$2140$2730
15006$925$931$1121$1483$1702
15017$1050$1050$1270$1680$1930

Zip Code:

14904

Studio Rent:

$925

1 Bedroom Rent:

$931

2 Bedroom Rent:

$1121

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1702

Zip Code:

15003

Studio Rent:

$960

1 Bedroom Rent:

$970

2 Bedroom Rent:

$1150

3 Bedroom Rent:

$1490

4 Bedroom Rent:

$1770

Zip Code:

15014

Studio Rent:

$925

1 Bedroom Rent:

$931

2 Bedroom Rent:

$1121

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1702

Zip Code:

14894

Studio Rent:

$925

1 Bedroom Rent:

$931

2 Bedroom Rent:

$1121

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1702

Zip Code:

14903

Studio Rent:

$925

1 Bedroom Rent:

$931

2 Bedroom Rent:

$1121

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1702

Zip Code:

15004

Studio Rent:

$1080

1 Bedroom Rent:

$1100

2 Bedroom Rent:

$1240

3 Bedroom Rent:

$1700

4 Bedroom Rent:

$2100

Zip Code:

15010

Studio Rent:

$950

1 Bedroom Rent:

$950

2 Bedroom Rent:

$1150

3 Bedroom Rent:

$1520

4 Bedroom Rent:

$1750

Zip Code:

15012

Studio Rent:

$925

1 Bedroom Rent:

$931

2 Bedroom Rent:

$1121

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1702

Zip Code:

14895

Studio Rent:

$930

1 Bedroom Rent:

$940

2 Bedroom Rent:

$1130

3 Bedroom Rent:

$1490

4 Bedroom Rent:

$1720

Zip Code:

15018

Studio Rent:

$925

1 Bedroom Rent:

$940

2 Bedroom Rent:

$1121

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1780

Zip Code:

14901

Studio Rent:

$925

1 Bedroom Rent:

$931

2 Bedroom Rent:

$1121

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1702

Zip Code:

14905

Studio Rent:

$970

1 Bedroom Rent:

$990

2 Bedroom Rent:

$1140

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1780

Zip Code:

15001

Studio Rent:

$1080

1 Bedroom Rent:

$1110

2 Bedroom Rent:

$1260

3 Bedroom Rent:

$1600

4 Bedroom Rent:

$1990

Zip Code:

14898

Studio Rent:

$950

1 Bedroom Rent:

$950

2 Bedroom Rent:

$1150

3 Bedroom Rent:

$1520

4 Bedroom Rent:

$1750

Zip Code:

15015

Studio Rent:

$930

1 Bedroom Rent:

$940

2 Bedroom Rent:

$1130

3 Bedroom Rent:

$1490

4 Bedroom Rent:

$1720

Zip Code:

15009

Studio Rent:

$970

1 Bedroom Rent:

$980

2 Bedroom Rent:

$1170

3 Bedroom Rent:

$1540

4 Bedroom Rent:

$1780

Zip Code:

15005

Studio Rent:

$1020

1 Bedroom Rent:

$1030

2 Bedroom Rent:

$1240

3 Bedroom Rent:

$1640

4 Bedroom Rent:

$1890

Zip Code:

15007

Studio Rent:

$980

1 Bedroom Rent:

$990

2 Bedroom Rent:

$1190

3 Bedroom Rent:

$1570

4 Bedroom Rent:

$1810

Zip Code:

14893

Studio Rent:

$925

1 Bedroom Rent:

$931

2 Bedroom Rent:

$1121

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1702

Zip Code:

14897

Studio Rent:

$1480

1 Bedroom Rent:

$1520

2 Bedroom Rent:

$1700

3 Bedroom Rent:

$2140

4 Bedroom Rent:

$2730

Zip Code:

15006

Studio Rent:

$925

1 Bedroom Rent:

$931

2 Bedroom Rent:

$1121

3 Bedroom Rent:

$1483

4 Bedroom Rent:

$1702

Zip Code:

15017

Studio Rent:

$1050

1 Bedroom Rent:

$1050

2 Bedroom Rent:

$1270

3 Bedroom Rent:

$1680

4 Bedroom Rent:

$1930

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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.