Orange County, NC

2024 Fair Market Rents

Tags: 2024 Durham-Chapel Hill, NC HUD Metro FMR Area

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 Orange County are Chapel Hill, Carrboro, Efland, and Hurdle Mills. 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 Orange County use?

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

Orange County ($1,631) has a 50.6% higher FMR for 2-Bedroom housing than the average of North Carolina ($1,083) and therefore a higher gross rent.

Orange County is rank 7th out of 100 counties. This means the FMRs, or in other words, the gross rent is higher than 93 other counties. Orange County is the 7th most expensive county in terms of FMRs.

Rent Tables Orange County, NC

Fair Market Rent (40th Percentile)

$1,385
studio
$1,418
1-Bedroom
$1,631
2-Bedroom
$2,051
3-Bedroom
$2,510
4-Bedroom

Median Rent (50th Percentile)

$1,492
studio
$1,528
1-Bedroom
$1,757
2-Bedroom
$2,209
3-Bedroom
$2,704
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
27243 $0 $1,030 $1,190 $1,510 $1,830
27231 $0 $1,430 $1,640 $2,060 $2,520
27243 $0 $1,030 $1,190 $1,510 $1,830
27510 $0 $1,440 $1,660 $2,090 $2,550
27514 $0 $1,540 $1,770 $2,230 $2,720
27515 $0 $1,450 $1,670 $2,100 $2,570
27541 $0 $1,120 $1,390 $1,880 $2,050
27599 $0 $1,450 $1,670 $2,100 $2,570
27231 $0 $1,430 $1,640 $2,060 $2,520
27541 $0 $1,120 $1,390 $1,880 $2,050
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
27243 $918 $927 $1,071 $1,359 $1,647
27231 $1,251 $1,287 $1,476 $1,854 $2,268
27243 $918 $927 $1,071 $1,359 $1,647
27510 $1,269 $1,296 $1,494 $1,881 $2,295
27514 $1,350 $1,386 $1,593 $2,007 $2,448
27515 $1,278 $1,305 $1,503 $1,890 $2,313
27541 $990 $1,008 $1,251 $1,692 $1,845
27599 $1,278 $1,305 $1,503 $1,890 $2,313
27231 $1,251 $1,287 $1,476 $1,854 $2,268
27541 $990 $1,008 $1,251 $1,692 $1,845
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
27243 $1,122 $1,133 $1,309 $1,661 $2,013
27231 $1,529 $1,573 $1,804 $2,266 $2,772
27243 $1,122 $1,133 $1,309 $1,661 $2,013
27510 $1,551 $1,584 $1,826 $2,299 $2,805
27514 $1,650 $1,694 $1,947 $2,453 $2,992
27515 $1,562 $1,595 $1,837 $2,310 $2,827
27541 $1,210 $1,232 $1,529 $2,068 $2,255
27599 $1,562 $1,595 $1,837 $2,310 $2,827
27231 $1,529 $1,573 $1,804 $2,266 $2,772
27541 $1,210 $1,232 $1,529 $2,068 $2,255

Fair Market Rents on this page apply to the following cities in Orange County, North Carolina: Chapel Hill, Carrboro, Efland, Hurdle Mills, and Cedar Grove.

These Fair Market Rents also apply to the following ZIP codes in Orange County, North Carolina: 27514, 27510, 27243, 27541, 27231, 27515, and 27599.

Orange County, NC is considered part of the following metro FMR area: DURHAM-CHAPEL HILL, NC HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Chatham County, NC, and Durham County, NC.

More on Orange 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.