The data
FY2027 Fair Market Rents for Camden County
Every year HUD publishes Fair Market Rents for every metropolitan area and non-metropolitan county in the country. They set Housing Choice Voucher (Section 8) payment standards, and they are one of the few sourced, government-published rent benchmarks for this market. Camden County sits inside the Virginia Beach-Norfolk-Newport News metro area, but HUD gives it its own HUD Metro FMR Area, so these figures are set for Camden County alone. Here are HUD's FY2027 figures, which took effect October 1, 2026, beside FY2026:
| Unit size | FY2027 | FY2026 |
|---|---|---|
| Efficiency | $1,203+7.3% | $1,121 |
| One-bedroom | $1,220+7.1% | $1,139 |
| Two-bedroom | $1,364+6.0% | $1,287 |
| Three-bedroom | $1,889+5.5% | $1,790 |
| Four-bedroom | $2,280+5.6% | $2,159 |
Source: HUD FY2027 and FY2026 Fair Market Rent schedules, Camden County, NC HUD Metro FMR Area, read October 21, 2026. Monthly gross rent (rent plus utilities). Three-bedroom is highlighted: it's the size this page is built around. Check the figures at huduser.gov.
For a typical single-family rental, three or four bedrooms, that's a FY2027 Fair Market Rent of $1,889 or $2,280 a month. Every bedroom size rose from FY2026 to FY2027.
This is a policy figure, not a market-rent survey
Fair Market Rent exists to set voucher payment standards, not to tell an investor what a house will rent for. It's a real, sourced number and useful as one reference point, especially for a voucher-tenant scenario, but it is not a substitute for current local rent comps or a licensed appraiser's market-rent survey before you underwrite a purchase.
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What this means for you
If you're buying a rental here
- Use it as a reference for a Housing Choice Voucher tenant. A public housing agency's payment standard, set between 90% and 110% of Fair Market Rent at the agency's discretion, caps the subsidized portion of the rent. Confirm the agency serving Camden County through HUD's PHA contact directory.
- Use it as a sanity check, not a forecast. If a listing or a seller's pro forma claims rent well above the FY2027 figure for the same bedroom count, ask for real comps and real lease history.
- Check demand with local comps. A published rent figure does not mean a tenant is waiting. Current rental comps and a local manager's read on leasing activity tell you more about vacancy than any federal benchmark.
- Don't treat Fair Market Rent as a purchase-price justification. A rent figure alone doesn't tell you what to pay. That math also needs your financing terms, insurance, property taxes and a maintenance reserve.
If you already own here
- Benchmark what you charge against the table above. If your three-bedroom rents well under $1,889, that's a sourced federal figure you can point to at renewal. It is not an appraisal, and not proof the market will pay it.
- Every size rose this year. That's a documented change in HUD's figures for Camden County, not proof that your tenant will accept the same increase.
- Considering a voucher tenant? Confirm the administering agency for Camden County through HUD's PHA contact directory before you plan around voucher income, and ask a North Carolina real estate attorney what current law requires of you.
If you're renting here
- Treat it as a sanity check, not a price ceiling. If a two-bedroom in Camden County is asking well above $1,364, that's worth a question. Fair Market Rent is a federal policy figure, not a survey of what units here rent for, and a specific house can justify more or less.
- If you hold a Housing Choice Voucher, these are the numbers behind your payment standard. The agency sets it between 90% and 110% of Fair Market Rent, at its own discretion.
- How the figures moved. Every bedroom size rose from FY2026 to FY2027. These are HUD's figures for Camden County, not a statewide average.
Financing an investment property here
USDA, FHA and NCHFA programs are built for a primary residence and generally don't apply to a straight rental purchase. Investment purchases usually run through conventional non-owner-occupant financing or investor products such as debt-service-coverage-ratio loans, with larger down payments and different underwriting than an owner-occupant mortgage.
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Questions
Frequently asked questions
What is HUD Fair Market Rent, exactly?
Fair Market Rent is a figure HUD publishes every year for each metropolitan area and non-metropolitan county, mainly to set payment standards for the Housing Choice Voucher (Section 8) program. HUD defines it as an estimate of the 40th percentile gross rent, rent plus utilities, for a standard-quality unit. It is a federal policy benchmark, not an appraisal, a rent-roll survey, or a promise of what a specific unit will rent for.
Does a landlord have to accept Section 8 vouchers in Camden County?
That depends on state and local source-of-income law, which changes over time and differs by place. This page does not state a current legal requirement for Camden County. Confirm the current rule with a North Carolina real estate attorney before assuming either way.
Which public housing agency administers vouchers in Camden County?
Confirm the current administering agency through HUD's Public Housing Agency contact directory at hud.gov before relying on voucher income for a specific property.
Is the Fair Market Rent the rent I should expect to charge?
Not automatically. It is a policy figure, not a live survey of what renters in Camden County pay. Treat it as one sourced reference point and check achievable rent with current local comps before you underwrite a purchase.
How did Camden County's figures change for FY2027?
Every bedroom size rose from FY2026 to FY2027. HUD recalculates Fair Market Rents every year from American Community Survey rent data, adjusted for recent movers and trended forward with inflation, so bedroom sizes can move in different directions in the same year.
Can I use a historic tax credit on a rental property?
Possibly, on different terms than an owner-occupied credit. Rehabilitating an income-producing historic building can qualify for the federal 20% credit plus North Carolina's state credit. Confirm the income-producing rules with the State Historic Preservation Office and a tax professional before relying on them for a rental.
Historic tax credits in Camden County covers how the owner-occupied version works.