North Carolina Fair Market Rents

2024 Fair Market Rents

2024 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 $1,083.

The highest average FMR for a two-bedroom apartment in the United States is $2,095 in Hawaii. The lowest for a two-bedroom apartment is $574 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 $1,680 in Buncombe County, Henderson County, and 1 others. The lowest FMR for a two-bedroom apartment is $856 in Ashe County, Beaufort County, and 24 others.

North Carolina ($1,083) has a 10.3% lower FMR for 2-Bedroom housing than the average of the US ($1,208) and therefore has a lower gross rent.

North Carolina is rank 29th out of 56 States and territories. This means the FMRs, or in other words, the gross rent is lower than 28 other States and territories. North Carolina is the 28th cheapest State or territory in terms of FMRs.

Average FMRs for North Carolina

29th
Rank
$866
Studio
$901
1-person
$1,083
2-person
$1,408
3-person
$1,677
4-person
Counties in North Carolina (100)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Buncombe County 1st $1,428 $1,496 $1,680 $2,160 $2,851
Henderson County 1st $1,428 $1,496 $1,680 $2,160 $2,851
Madison County 1st $1,428 $1,496 $1,680 $2,160 $2,851
Franklin County 4th $1,427 $1,466 $1,646 $2,035 $2,711
Johnston County 4th $1,427 $1,466 $1,646 $2,035 $2,711
Wake County 4th $1,427 $1,466 $1,646 $2,035 $2,711
Chatham County 7th $1,385 $1,418 $1,631 $2,051 $2,510
Durham County 7th $1,385 $1,418 $1,631 $2,051 $2,510
Orange County 7th $1,385 $1,418 $1,631 $2,051 $2,510
Cabarrus County 10th $1,347 $1,384 $1,554 $1,936 $2,481
Gaston County 10th $1,347 $1,384 $1,554 $1,936 $2,481
Mecklenburg County 10th $1,347 $1,384 $1,554 $1,936 $2,481
Union County 10th $1,347 $1,384 $1,554 $1,936 $2,481
New Hanover County 14th $1,027 $1,349 $1,515 $2,002 $2,561
Currituck County 15th $1,279 $1,287 $1,493 $2,079 $2,532
Cumberland County 16th $1,120 $1,120 $1,292 $1,759 $2,193
Dare County 17th $1,000 $1,137 $1,280 $1,736 $1,800
Onslow County 18th $904 $1,030 $1,274 $1,795 $2,162
Haywood County 19th $1,068 $1,102 $1,237 $1,496 $1,692
Craven County 20th $928 $935 $1,228 $1,660 $2,084
Alamance County 21st $828 $1,043 $1,215 $1,523 $1,713
Iredell County 22nd $1,046 $1,075 $1,207 $1,652 $2,048
Guilford County 23rd $1,011 $1,042 $1,170 $1,493 $1,680
Randolph County 23rd $1,011 $1,042 $1,170 $1,493 $1,680
Granville County 25th $1,013 $1,040 $1,168 $1,579 $1,739
Pitt County 26th $925 $931 $1,155 $1,570 $1,960
Watauga County 27th $777 $906 $1,140 $1,392 $1,935
Pamlico County 28th $860 $866 $1,138 $1,376 $1,578
Brunswick County 29th $951 $1,008 $1,132 $1,595 $1,921
Transylvania County 30th $853 $858 $1,128 $1,364 $1,738
Harnett County 31st $851 $857 $1,126 $1,587 $1,911
Rowan County 32nd $925 $931 $1,121 $1,483 $1,702
Davie County 33rd $897 $936 $1,110 $1,452 $1,671
Forsyth County 33rd $897 $936 $1,110 $1,452 $1,671
Stokes County 33rd $897 $936 $1,110 $1,452 $1,671
Yadkin County 33rd $897 $936 $1,110 $1,452 $1,671
Pender County 37th $752 $988 $1,109 $1,563 $1,816
Anson County 38th $751 $843 $1,108 $1,340 $1,535
Wayne County 39th $826 $831 $1,092 $1,358 $1,824
Lincoln County 40th $944 $970 $1,089 $1,436 $1,450
Carteret County 41st $820 $826 $1,085 $1,454 $1,812
Pasquotank County 42nd $717 $805 $1,058 $1,454 $1,749
Gates County 43rd $905 $908 $1,050 $1,431 $1,781
Hoke County 44th $793 $798 $1,049 $1,478 $1,780
Chowan County 45th $787 $792 $1,041 $1,259 $1,586
Edgecombe County 46th $825 $830 $1,035 $1,395 $1,579
Nash County 46th $825 $830 $1,035 $1,395 $1,579
Avery County 48th $776 $781 $1,026 $1,241 $1,366
Alexander County 49th $806 $834 $1,014 $1,314 $1,506
Burke County 49th $806 $834 $1,014 $1,314 $1,506
Caldwell County 49th $806 $834 $1,014 $1,314 $1,506
Catawba County 49th $806 $834 $1,014 $1,314 $1,506
Lee County 53rd $842 $871 $1,011 $1,242 $1,566
Polk County 54th $787 $792 $1,004 $1,214 $1,586
Moore County 55th $863 $886 $995 $1,402 $1,689
Macon County 56th $802 $849 $962 $1,163 $1,437
Davidson County 57th $768 $773 $954 $1,264 $1,557
Perquimans County 58th $794 $816 $953 $1,343 $1,430
Wilson County 59th $645 $767 $952 $1,213 $1,327
Northampton County 60th $719 $724 $951 $1,150 $1,288
Person County 61st $718 $722 $949 $1,337 $1,365
Hertford County 62nd $661 $719 $945 $1,143 $1,277
Rockingham County 63rd $633 $719 $934 $1,198 $1,360
Clay County 64th $775 $828 $930 $1,193 $1,417
Stanly County 65th $627 $704 $925 $1,244 $1,552
Camden County 66th $787 $789 $913 $1,287 $1,549
Vance County 67th $707 $712 $909 $1,125 $1,319
Bertie County 68th $683 $688 $904 $1,093 $1,336
Duplin County 69th $683 $687 $903 $1,092 $1,203
Jackson County 70th $776 $797 $895 $1,187 $1,192
Halifax County 71st $600 $687 $885 $1,070 $1,327
Hyde County 72nd $705 $710 $879 $1,124 $1,340
Cherokee County 73rd $659 $664 $872 $1,214 $1,382
Alleghany County 74th $651 $655 $861 $1,041 $1,461
Ashe County 75th $674 $678 $856 $1,089 $1,224
Beaufort County 75th $668 $672 $856 $1,166 $1,453
Bladen County 75th $687 $691 $856 $1,137 $1,313
Caswell County 75th $713 $759 $856 $1,206 $1,305
Cleveland County 75th $652 $656 $856 $1,206 $1,349
Columbus County 75th $647 $651 $856 $1,035 $1,140
Graham County 75th $713 $745 $856 $1,206 $1,305
Greene County 75th $665 $669 $856 $1,184 $1,302
Jones County 75th $670 $674 $856 $1,206 $1,230
Lenoir County 75th $650 $654 $856 $1,206 $1,376
McDowell County 75th $713 $751 $856 $1,059 $1,262
Martin County 75th $683 $687 $856 $1,122 $1,140
Mitchell County 75th $647 $651 $856 $1,053 $1,140
Montgomery County 75th $691 $695 $856 $1,089 $1,439
Richmond County 75th $720 $762 $856 $1,206 $1,453
Robeson County 75th $645 $652 $856 $1,081 $1,248
Rutherford County 75th $733 $737 $856 $1,117 $1,367
Sampson County 75th $684 $725 $856 $1,074 $1,260
Scotland County 75th $706 $711 $856 $1,139 $1,140
Surry County 75th $672 $677 $856 $1,045 $1,368
Swain County 75th $652 $656 $856 $1,206 $1,305
Tyrrell County 75th $713 $762 $856 $1,206 $1,305
Warren County 75th $647 $651 $856 $1,084 $1,182
Washington County 75th $647 $651 $856 $1,035 $1,353
Wilkes County 75th $713 $745 $856 $1,139 $1,274
Yancey County 75th $647 $651 $856 $1,136 $1,140

More on North Carolina

Citation

Link to this Page:

Questions or Comments? Contact us

Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.