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North Carolina Fair Market Rents

2023 Fair Market Rents

2023 FMRs in North Carolina by county. Click on the map below to view FMRs for a particular county.

North Carolina Map

Minimum FMR
Maximum FMR

FMRs vary across North Carolina based on County and ZIP code as well as number of bedrooms. The average FMR for a two-bedroom apartment in North Carolina is $947.

The highest average FMR for a two-bedroom apartment in the United States is $1,951 in Hawaii. The lowest for a two-bedroom apartment is $519 in Puerto Rico.

FMRs in North Carolina are based on the price of monthly rent plus the cost of essential utilities. FMRs vary by county or ZIP Code. Generally areas with a lower population density have a lower gross rent (lower FMRs) but there are exceptions.

View the Fair Market Rents Overview for detailed information on how FMRs are calculated. Click on a specific county on the map or from the table below for detailed FMR information including Small Area FMRs.

How does North Carolina compare?

The highest FMR for a two-bedroom apartment in North Carolina is $1,466 in Henderson County, Madison County, and 1 others. The lowest FMR for a two-bedroom apartment is $771 in Scotland County.

North Carolina ($947) has a 13.6% lower FMR for 2-Bedroom housing than the average of the US ($1,096) and therefore has a lower gross rent.

North Carolina is rank 30th out of 56 States and territories. This means the FMRs, or in other words, the gross rent is lower than 29 other States and territories. North Carolina is the 27th cheapest State or territory in terms of FMRs.

Average FMRs for North Carolina

30th
Rank
$752
Studio
$782
1-person
$947
2-person
$1,234
3-person
$1,487
4-person
Counties in North Carolina (100)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Henderson County 1st $1,270 $1,298 $1,466 $1,949 $2,497
Madison County 1st $1,270 $1,298 $1,466 $1,949 $2,497
Buncombe County 1st $1,270 $1,298 $1,466 $1,949 $2,497
Wake County 4th $1,213 $1,250 $1,412 $1,733 $2,293
Johnston County 4th $1,213 $1,250 $1,412 $1,733 $2,293
Franklin County 4th $1,213 $1,250 $1,412 $1,733 $2,293
Currituck County 7th $1,116 $1,137 $1,329 $1,857 $2,264
Gaston County 8th $1,154 $1,180 $1,333 $1,691 $2,183
Union County 8th $1,154 $1,180 $1,333 $1,691 $2,183
Mecklenburg County 8th $1,154 $1,180 $1,333 $1,691 $2,183
Cabarrus County 8th $1,154 $1,180 $1,333 $1,691 $2,183
Orange County 12th $1,128 $1,134 $1,315 $1,669 $2,031
Chatham County 12th $1,128 $1,134 $1,315 $1,669 $2,031
Durham County 12th $1,128 $1,134 $1,315 $1,669 $2,031
New Hanover County 15th $853 $1,108 $1,259 $1,669 $2,145
Dare County 16th $915 $982 $1,151 $1,571 $1,726
Craven County 17th $829 $834 $1,092 $1,465 $1,860
Cumberland County 18th $898 $898 $1,037 $1,425 $1,766
Iredell County 19th $896 $915 $1,034 $1,395 $1,761
Pitt County 20th $813 $818 $1,015 $1,379 $1,729
Guilford County 21st $893 $920 $1,039 $1,339 $1,502
Randolph County 21st $893 $920 $1,039 $1,339 $1,502
Granville County 23rd $865 $870 $1,012 $1,318 $1,551
Carteret County 24th $757 $762 $1,003 $1,365 $1,708
Brunswick County 25th $820 $844 $953 $1,354 $1,623
Watauga County 26th $720 $845 $1,040 $1,320 $1,631
Pender County 27th $683 $875 $988 $1,375 $1,567
Onslow County 28th $667 $798 $951 $1,352 $1,620
Moore County 29th $774 $808 $913 $1,276 $1,555
Harnett County 30th $712 $716 $943 $1,340 $1,606
Davie County 31st $774 $805 $969 $1,280 $1,486
Stokes County 31st $774 $805 $969 $1,280 $1,486
Forsyth County 31st $774 $805 $969 $1,280 $1,486
Yadkin County 31st $774 $805 $969 $1,280 $1,486
Pamlico County 31st $762 $767 $1,004 $1,222 $1,559
Haywood County 36th $686 $893 $1,009 $1,228 $1,453
Alamance County 37th $714 $837 $1,023 $1,285 $1,390
Rowan County 38th $800 $805 $980 $1,270 $1,388
Transylvania County 38th $751 $756 $995 $1,211 $1,530
Gates County 40th $779 $792 $923 $1,203 $1,492
Pasquotank County 41st $626 $711 $936 $1,311 $1,528
Perquimans County 42nd $683 $688 $905 $1,286 $1,542
Chowan County 43rd $737 $742 $921 $1,121 $1,569
Wayne County 44th $693 $697 $918 $1,148 $1,564
Lincoln County 45th $794 $798 $924 $1,200 $1,241
Camden County 46th $704 $718 $884 $1,196 $1,440
Polk County 47th $757 $762 $924 $1,125 $1,345
Hoke County 48th $657 $662 $871 $1,238 $1,484
Lee County 49th $736 $792 $894 $1,103 $1,346
Macon County 50th $725 $780 $881 $1,072 $1,407
Edgecombe County 51st $712 $717 $890 $1,210 $1,323
Nash County 51st $712 $717 $890 $1,210 $1,323
Anson County 53rd $645 $732 $964 $1,173 $1,295
Tyrrell County 54th $695 $747 $844 $1,157 $1,323
Avery County 55th $706 $711 $936 $1,139 $1,257
Davidson County 56th $656 $660 $837 $1,114 $1,421
Clay County 57th $695 $747 $844 $1,027 $1,323
Stanly County 58th $560 $674 $815 $1,097 $1,388
Hertford County 59th $640 $667 $878 $1,069 $1,261
Richmond County 60th $642 $683 $771 $1,096 $1,313
Person County 61st $636 $640 $843 $1,157 $1,162
Beaufort County 62nd $623 $627 $777 $1,077 $1,324
Halifax County 63rd $564 $640 $843 $1,026 $1,299
Vance County 64th $644 $648 $804 $1,040 $1,235
Northampton County 65th $650 $654 $861 $1,048 $1,157
Cherokee County 66th $613 $617 $812 $1,093 $1,229
Greene County 67th $582 $586 $771 $1,074 $1,313
Washington County 68th $617 $621 $771 $1,000 $1,313
Swain County 69th $617 $621 $771 $1,082 $1,209
Alexander County 70th $646 $650 $791 $1,033 $1,179
Catawba County 70th $646 $650 $791 $1,033 $1,179
Caldwell County 70th $646 $650 $791 $1,033 $1,179
Burke County 70th $646 $650 $791 $1,033 $1,179
Caswell County 74th $635 $676 $771 $1,080 $1,131
Hyde County 75th $629 $633 $786 $1,011 $1,232
Rockingham County 76th $545 $631 $815 $1,052 $1,247
Bladen County 77th $617 $621 $771 $1,034 $1,223
Cleveland County 78th $582 $586 $771 $1,069 $1,245
Wilkes County 78th $635 $662 $771 $1,033 $1,152
Warren County 80th $584 $588 $771 $987 $1,313
Alleghany County 81st $589 $593 $780 $949 $1,329
Martin County 82nd $607 $611 $771 $1,020 $1,221
Lenoir County 83rd $582 $586 $771 $1,063 $1,226
Jackson County 84th $674 $689 $778 $1,041 $1,045
Rutherford County 85th $643 $646 $771 $975 $1,188
Wilson County 86th $554 $669 $829 $1,045 $1,119
Surry County 87th $614 $618 $771 $981 $1,226
Duplin County 88th $623 $628 $826 $1,005 $1,110
Ashe County 89th $619 $623 $771 $938 $1,220
Sampson County 90th $606 $610 $771 $983 $1,172
Graham County 91st $582 $586 $771 $992 $1,209
Yancey County 92nd $555 $593 $771 $1,055 $1,148
Montgomery County 92nd $607 $611 $771 $960 $1,173
Columbus County 94th $582 $586 $771 $962 $1,209
McDowell County 95th $541 $673 $771 $938 $1,174
Bertie County 96th $582 $586 $771 $943 $1,214
Mitchell County 97th $582 $586 $771 $938 $1,209
Jones County 98th $582 $586 $771 $1,070 $1,074
Robeson County 99th $582 $586 $771 $975 $1,105
Scotland County 100th $582 $586 $771 $978 $1,036

More on North Carolina

Want to learn more about North Carolina? See Loan Limits in North Carolina to view maximum loan amounts or click here to find a Public Housing Authority in North Carolina who can help with finding affordable housing near you.

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Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.


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