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Section 8 rent in Iredell County, NC

FY2025 HUD Small Area Fair Market Rents for the Iredell County, NC HUD Metro FMR Area, covering 20 ZIP codes.

$1,328Avg 2BR FMR / mo
$1,460Avg 2BR at 110% Standard
20ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$950$1,149$1,800$1,263
1 Bedroom$970$1,186$1,870$1,305
2 Bedrooms$1,090$1,328$2,070$1,460
3 Bedrooms$1,490$1,801$2,820$1,981
4 Bedrooms$1,850$2,218$3,440$2,439

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$2,656$31,872
Triplex3 × 2BR$3,984$47,808
Fourplex4 × 2BR$5,312$63,744
Fourplex4 × 3BR$7,204$86,448

Gross scheduled rent before vacancy, maintenance and management. Run any North Carolina multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 20 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
28036 $1,870 $2,070 $2,570 $3,250
28117 $1,850 $2,050 $2,820 $3,440
28166 $1,450 $1,600 $2,200 $2,690
28125 $1,200 $1,460 $1,930 $2,460
28115 $1,280 $1,430 $1,960 $2,400
28010 $1,260 $1,390 $1,910 $2,330
28123 $1,260 $1,390 $1,910 $2,330
28687 $1,260 $1,390 $1,910 $2,330
28688 $1,260 $1,390 $1,910 $2,330
28678 $1,130 $1,310 $1,740 $2,090
28625 $1,060 $1,170 $1,610 $1,960
28677 $1,030 $1,140 $1,570 $1,910
28660 $1,020 $1,130 $1,540 $1,880
27013 $970 $1,090 $1,490 $1,850
27020 $970 $1,090 $1,490 $1,850

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Iredell County, NC?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Iredell County, NC HUD Metro FMR Area is $1,328 per month, ranging from $1,090 to $2,070 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $1,460.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Iredell County, NC, 2-bedroom SAFMRs run from $1,090 to $2,070 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in North Carolina?
RealG searches live listings across North Carolina, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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