New Hanover County, NC

2024 Fair Market Rents

Tags: 2024 Wilmington, NC HUD Metro FMR Area

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The top four largest cities in New Hanover County are Wilmington, Castle Hayne, Carolina Beach, and Wrightsville Beach. 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 New Hanover County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however New Hanover 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 New Hanover County compare?

New Hanover County ($1,515) has a 39.9% higher FMR for 2-Bedroom housing than the average of North Carolina ($1,083) and therefore a higher gross rent.

New Hanover County is rank 15th out of 100 counties. This means the FMRs, or in other words, the gross rent is higher than 85 other counties. New Hanover County is the 15th most expensive county in terms of FMRs.

Rent Tables New Hanover County, NC

Fair Market Rent (40th Percentile)

$1,027
studio
$1,349
1-Bedroom
$1,515
2-Bedroom
$2,002
3-Bedroom
$2,561
4-Bedroom

Median Rent (50th Percentile)

$1,097
studio
$1,441
1-Bedroom
$1,618
2-Bedroom
$2,138
3-Bedroom
$2,735
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
28402 $0 $1,350 $1,520 $2,010 $2,570
28403 $0 $1,260 $1,410 $1,860 $2,380
28404 $0 $1,350 $1,520 $2,010 $2,570
28405 $0 $1,390 $1,560 $2,060 $2,640
28406 $0 $1,350 $1,520 $2,010 $2,570
28408 $0 $1,350 $1,520 $2,010 $2,570
28409 $0 $1,600 $1,800 $2,380 $3,040
28410 $0 $1,350 $1,520 $2,010 $2,570
28411 $0 $1,590 $1,780 $2,360 $3,010
28412 $0 $1,370 $1,540 $2,030 $2,600
28428 $0 $1,460 $1,640 $2,170 $2,770
28429 $0 $1,070 $1,200 $1,590 $2,030
28449 $0 $1,630 $1,830 $2,420 $3,090
28480 $0 $2,020 $2,270 $3,000 $3,840
28411 $0 $1,590 $1,780 $2,360 $3,010
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
28402 $927 $1,215 $1,368 $1,809 $2,313
28403 $864 $1,134 $1,269 $1,674 $2,142
28404 $927 $1,215 $1,368 $1,809 $2,313
28405 $954 $1,251 $1,404 $1,854 $2,376
28406 $927 $1,215 $1,368 $1,809 $2,313
28408 $927 $1,215 $1,368 $1,809 $2,313
28409 $1,098 $1,440 $1,620 $2,142 $2,736
28410 $927 $1,215 $1,368 $1,809 $2,313
28411 $1,089 $1,431 $1,602 $2,124 $2,709
28412 $936 $1,233 $1,386 $1,827 $2,340
28428 $999 $1,314 $1,476 $1,953 $2,493
28429 $729 $963 $1,080 $1,431 $1,827
28449 $1,116 $1,467 $1,647 $2,178 $2,781
28480 $1,386 $1,818 $2,043 $2,700 $3,456
28411 $1,089 $1,431 $1,602 $2,124 $2,709
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
28402 $1,133 $1,485 $1,672 $2,211 $2,827
28403 $1,056 $1,386 $1,551 $2,046 $2,618
28404 $1,133 $1,485 $1,672 $2,211 $2,827
28405 $1,166 $1,529 $1,716 $2,266 $2,904
28406 $1,133 $1,485 $1,672 $2,211 $2,827
28408 $1,133 $1,485 $1,672 $2,211 $2,827
28409 $1,342 $1,760 $1,980 $2,618 $3,344
28410 $1,133 $1,485 $1,672 $2,211 $2,827
28411 $1,331 $1,749 $1,958 $2,596 $3,311
28412 $1,144 $1,507 $1,694 $2,233 $2,860
28428 $1,221 $1,606 $1,804 $2,387 $3,047
28429 $891 $1,177 $1,320 $1,749 $2,233
28449 $1,364 $1,793 $2,013 $2,662 $3,399
28480 $1,694 $2,222 $2,497 $3,300 $4,224
28411 $1,331 $1,749 $1,958 $2,596 $3,311

Fair Market Rents on this page apply to the following cities in New Hanover County, North Carolina: Wilmington, Castle Hayne, Carolina Beach, Wrightsville Beach, and Kure Beach.

These Fair Market Rents also apply to the following ZIP codes in New Hanover County, North Carolina: 28412, 28409, 28411, 28405, 28403, 28429, 28428, 28480, 28449, 28402, 28406, 28408, 28404, and 28410.

New Hanover County, NC is considered part of the following metro FMR area: WILMINGTON, NC HUD METRO FMR AREA.

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