Franklin County, NC

2024 Fair Market Rents

Tags: 2024 Raleigh, NC MSA

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Return to the state page to see where North Carolina ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Franklin County are Wake Forest, Zebulon, Henderson, and Louisburg. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Franklin County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Franklin County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Franklin County compare?

Franklin County ($1,646) has a 52% higher FMR for 2-Bedroom housing than the average of North Carolina ($1,083) and therefore a higher gross rent.

Franklin County is rank 4th out of 100 counties. This means the FMRs, or in other words, the gross rent is higher than 96 other counties. Franklin County is the 4th most expensive county in terms of FMRs.

Rent Tables Franklin County, NC

Fair Market Rent (40th Percentile)

$1,427
studio
$1,466
1-Bedroom
$1,646
2-Bedroom
$2,035
3-Bedroom
$2,711
4-Bedroom

Median Rent (50th Percentile)

$1,542
studio
$1,584
1-Bedroom
$1,778
2-Bedroom
$2,198
3-Bedroom
$2,929
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
27525 $1,100 $1,130 $1,280 $1,560 $2,070
27544 $1,100 $1,130 $1,280 $1,560 $2,070
27587 $1,440 $1,480 $1,660 $2,060 $2,730
27596 $1,120 $1,150 $1,290 $1,610 $2,120
27508 $1,100 $1,130 $1,280 $1,560 $2,070
27525 $1,100 $1,130 $1,280 $1,560 $2,070
27537 $1,100 $1,130 $1,280 $1,560 $2,070
27544 $1,100 $1,130 $1,280 $1,560 $2,070
27549 $1,100 $1,130 $1,280 $1,560 $2,070
27557 $1,100 $1,130 $1,280 $1,560 $2,070
27587 $1,440 $1,480 $1,660 $2,060 $2,730
27589 $1,100 $1,130 $1,280 $1,560 $2,070
27596 $1,120 $1,150 $1,290 $1,610 $2,120
27597 $1,100 $1,130 $1,280 $1,560 $2,070
27816 $1,100 $1,130 $1,280 $1,560 $2,070
27882 $1,100 $1,130 $1,280 $1,560 $2,070
27557 $1,100 $1,130 $1,280 $1,560 $2,070
27597 $1,100 $1,130 $1,280 $1,560 $2,070
27816 $1,100 $1,130 $1,280 $1,560 $2,070
27882 $1,100 $1,130 $1,280 $1,560 $2,070
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
27525 $990 $1,017 $1,152 $1,404 $1,863
27544 $990 $1,017 $1,152 $1,404 $1,863
27587 $1,296 $1,332 $1,494 $1,854 $2,457
27596 $1,008 $1,035 $1,161 $1,449 $1,908
27508 $990 $1,017 $1,152 $1,404 $1,863
27525 $990 $1,017 $1,152 $1,404 $1,863
27537 $990 $1,017 $1,152 $1,404 $1,863
27544 $990 $1,017 $1,152 $1,404 $1,863
27549 $990 $1,017 $1,152 $1,404 $1,863
27557 $990 $1,017 $1,152 $1,404 $1,863
27587 $1,296 $1,332 $1,494 $1,854 $2,457
27589 $990 $1,017 $1,152 $1,404 $1,863
27596 $1,008 $1,035 $1,161 $1,449 $1,908
27597 $990 $1,017 $1,152 $1,404 $1,863
27816 $990 $1,017 $1,152 $1,404 $1,863
27882 $990 $1,017 $1,152 $1,404 $1,863
27557 $990 $1,017 $1,152 $1,404 $1,863
27597 $990 $1,017 $1,152 $1,404 $1,863
27816 $990 $1,017 $1,152 $1,404 $1,863
27882 $990 $1,017 $1,152 $1,404 $1,863
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
27525 $1,210 $1,243 $1,408 $1,716 $2,277
27544 $1,210 $1,243 $1,408 $1,716 $2,277
27587 $1,584 $1,628 $1,826 $2,266 $3,003
27596 $1,232 $1,265 $1,419 $1,771 $2,332
27508 $1,210 $1,243 $1,408 $1,716 $2,277
27525 $1,210 $1,243 $1,408 $1,716 $2,277
27537 $1,210 $1,243 $1,408 $1,716 $2,277
27544 $1,210 $1,243 $1,408 $1,716 $2,277
27549 $1,210 $1,243 $1,408 $1,716 $2,277
27557 $1,210 $1,243 $1,408 $1,716 $2,277
27587 $1,584 $1,628 $1,826 $2,266 $3,003
27589 $1,210 $1,243 $1,408 $1,716 $2,277
27596 $1,232 $1,265 $1,419 $1,771 $2,332
27597 $1,210 $1,243 $1,408 $1,716 $2,277
27816 $1,210 $1,243 $1,408 $1,716 $2,277
27882 $1,210 $1,243 $1,408 $1,716 $2,277
27557 $1,210 $1,243 $1,408 $1,716 $2,277
27597 $1,210 $1,243 $1,408 $1,716 $2,277
27816 $1,210 $1,243 $1,408 $1,716 $2,277
27882 $1,210 $1,243 $1,408 $1,716 $2,277

Fair Market Rents on this page apply to the following cities in Franklin County, North Carolina: Wake Forest, Zebulon, Henderson, Louisburg, Youngsville, Franklinton, Spring Hope, Middlesex, Warrenton, Kittrell, Castalia, and Bunn.

These Fair Market Rents also apply to the following ZIP codes in Franklin County, North Carolina: 27587, 27597, 27537, 27549, 27596, 27525, 27882, 27557, 27589, 27544, 27816, and 27508.

Franklin County, NC is considered part of the following metro FMR area: RALEIGH, NC MSA.

Other counties in the same metro FMR area are: Johnston County, NC, and Wake County, NC.

More on Franklin County, NC

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.