Wake 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 Wake County are Raleigh, Cary, Knightdale, and Apex. 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 Wake County use?

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

Wake 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.

Wake 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. Wake County is the 4th most expensive county in terms of FMRs.

Rent Tables Wake 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
27511 $1,340 $1,370 $1,540 $1,900 $2,540
27512 $1,470 $1,510 $1,700 $2,100 $2,800
27513 $1,530 $1,580 $1,770 $2,190 $2,920
27518 $1,620 $1,670 $1,870 $2,310 $3,080
27539 $1,660 $1,700 $1,910 $2,360 $3,150
27545 $1,400 $1,430 $1,610 $1,990 $2,650
27571 $1,100 $1,130 $1,280 $1,560 $2,070
27588 $1,470 $1,510 $1,700 $2,100 $2,800
27601 $1,470 $1,510 $1,690 $2,090 $2,780
27602 $1,470 $1,510 $1,700 $2,100 $2,800
27604 $1,390 $1,430 $1,600 $1,980 $2,640
27605 $1,600 $1,650 $1,850 $2,290 $3,050
27606 $1,390 $1,430 $1,600 $1,980 $2,640
27607 $1,450 $1,490 $1,670 $2,060 $2,750
27608 $1,430 $1,470 $1,650 $2,040 $2,720
27609 $1,440 $1,480 $1,660 $2,050 $2,730
27611 $1,470 $1,510 $1,700 $2,100 $2,800
27612 $1,610 $1,660 $1,860 $2,300 $3,060
27614 $1,570 $1,610 $1,810 $2,240 $2,980
27615 $1,560 $1,600 $1,800 $2,220 $2,960
27616 $1,350 $1,390 $1,560 $1,930 $2,570
27619 $1,470 $1,510 $1,700 $2,100 $2,800
27620 $1,470 $1,510 $1,700 $2,100 $2,800
27622 $1,470 $1,510 $1,700 $2,100 $2,800
27623 $1,470 $1,510 $1,700 $2,100 $2,800
27624 $1,470 $1,510 $1,700 $2,100 $2,800
27627 $1,470 $1,510 $1,700 $2,100 $2,800
27628 $1,470 $1,510 $1,700 $2,100 $2,800
27629 $1,470 $1,510 $1,700 $2,100 $2,800
27636 $1,470 $1,510 $1,700 $2,100 $2,800
27640 $1,470 $1,510 $1,700 $2,100 $2,800
27656 $1,470 $1,510 $1,700 $2,100 $2,800
27658 $1,470 $1,510 $1,700 $2,100 $2,800
27661 $1,470 $1,510 $1,700 $2,100 $2,800
27675 $1,470 $1,510 $1,700 $2,100 $2,800
27676 $1,470 $1,510 $1,700 $2,100 $2,800
27690 $1,470 $1,510 $1,700 $2,100 $2,800
27697 $1,470 $1,510 $1,700 $2,100 $2,800
27699 $1,470 $1,510 $1,700 $2,100 $2,800
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
27511 $1,206 $1,233 $1,386 $1,710 $2,286
27512 $1,323 $1,359 $1,530 $1,890 $2,520
27513 $1,377 $1,422 $1,593 $1,971 $2,628
27518 $1,458 $1,503 $1,683 $2,079 $2,772
27539 $1,494 $1,530 $1,719 $2,124 $2,835
27545 $1,260 $1,287 $1,449 $1,791 $2,385
27571 $990 $1,017 $1,152 $1,404 $1,863
27588 $1,323 $1,359 $1,530 $1,890 $2,520
27601 $1,323 $1,359 $1,521 $1,881 $2,502
27602 $1,323 $1,359 $1,530 $1,890 $2,520
27604 $1,251 $1,287 $1,440 $1,782 $2,376
27605 $1,440 $1,485 $1,665 $2,061 $2,745
27606 $1,251 $1,287 $1,440 $1,782 $2,376
27607 $1,305 $1,341 $1,503 $1,854 $2,475
27608 $1,287 $1,323 $1,485 $1,836 $2,448
27609 $1,296 $1,332 $1,494 $1,845 $2,457
27611 $1,323 $1,359 $1,530 $1,890 $2,520
27612 $1,449 $1,494 $1,674 $2,070 $2,754
27614 $1,413 $1,449 $1,629 $2,016 $2,682
27615 $1,404 $1,440 $1,620 $1,998 $2,664
27616 $1,215 $1,251 $1,404 $1,737 $2,313
27619 $1,323 $1,359 $1,530 $1,890 $2,520
27620 $1,323 $1,359 $1,530 $1,890 $2,520
27622 $1,323 $1,359 $1,530 $1,890 $2,520
27623 $1,323 $1,359 $1,530 $1,890 $2,520
27624 $1,323 $1,359 $1,530 $1,890 $2,520
27627 $1,323 $1,359 $1,530 $1,890 $2,520
27628 $1,323 $1,359 $1,530 $1,890 $2,520
27629 $1,323 $1,359 $1,530 $1,890 $2,520
27636 $1,323 $1,359 $1,530 $1,890 $2,520
27640 $1,323 $1,359 $1,530 $1,890 $2,520
27656 $1,323 $1,359 $1,530 $1,890 $2,520
27658 $1,323 $1,359 $1,530 $1,890 $2,520
27661 $1,323 $1,359 $1,530 $1,890 $2,520
27675 $1,323 $1,359 $1,530 $1,890 $2,520
27676 $1,323 $1,359 $1,530 $1,890 $2,520
27690 $1,323 $1,359 $1,530 $1,890 $2,520
27697 $1,323 $1,359 $1,530 $1,890 $2,520
27699 $1,323 $1,359 $1,530 $1,890 $2,520
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
27511 $1,474 $1,507 $1,694 $2,090 $2,794
27512 $1,617 $1,661 $1,870 $2,310 $3,080
27513 $1,683 $1,738 $1,947 $2,409 $3,212
27518 $1,782 $1,837 $2,057 $2,541 $3,388
27539 $1,826 $1,870 $2,101 $2,596 $3,465
27545 $1,540 $1,573 $1,771 $2,189 $2,915
27571 $1,210 $1,243 $1,408 $1,716 $2,277
27588 $1,617 $1,661 $1,870 $2,310 $3,080
27601 $1,617 $1,661 $1,859 $2,299 $3,058
27602 $1,617 $1,661 $1,870 $2,310 $3,080
27604 $1,529 $1,573 $1,760 $2,178 $2,904
27605 $1,760 $1,815 $2,035 $2,519 $3,355
27606 $1,529 $1,573 $1,760 $2,178 $2,904
27607 $1,595 $1,639 $1,837 $2,266 $3,025
27608 $1,573 $1,617 $1,815 $2,244 $2,992
27609 $1,584 $1,628 $1,826 $2,255 $3,003
27611 $1,617 $1,661 $1,870 $2,310 $3,080
27612 $1,771 $1,826 $2,046 $2,530 $3,366
27614 $1,727 $1,771 $1,991 $2,464 $3,278
27615 $1,716 $1,760 $1,980 $2,442 $3,256
27616 $1,485 $1,529 $1,716 $2,123 $2,827
27619 $1,617 $1,661 $1,870 $2,310 $3,080
27620 $1,617 $1,661 $1,870 $2,310 $3,080
27622 $1,617 $1,661 $1,870 $2,310 $3,080
27623 $1,617 $1,661 $1,870 $2,310 $3,080
27624 $1,617 $1,661 $1,870 $2,310 $3,080
27627 $1,617 $1,661 $1,870 $2,310 $3,080
27628 $1,617 $1,661 $1,870 $2,310 $3,080
27629 $1,617 $1,661 $1,870 $2,310 $3,080
27636 $1,617 $1,661 $1,870 $2,310 $3,080
27640 $1,617 $1,661 $1,870 $2,310 $3,080
27656 $1,617 $1,661 $1,870 $2,310 $3,080
27658 $1,617 $1,661 $1,870 $2,310 $3,080
27661 $1,617 $1,661 $1,870 $2,310 $3,080
27675 $1,617 $1,661 $1,870 $2,310 $3,080
27676 $1,617 $1,661 $1,870 $2,310 $3,080
27690 $1,617 $1,661 $1,870 $2,310 $3,080
27697 $1,617 $1,661 $1,870 $2,310 $3,080
27699 $1,617 $1,661 $1,870 $2,310 $3,080

Fair Market Rents on this page apply to the following cities in Wake County, North Carolina: Raleigh, Cary, Knightdale, Apex, Rolesville, and Wake Forest.

These Fair Market Rents also apply to the following ZIP codes in Wake County, North Carolina: 27615, 27513, 27616, 27604, 27612, 27609, 27511, 27606, 27614, 27545, 27518, 27539, 27607, 27608, 27601, 27605, 27571, 27512, 27588, and 27611.

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

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

More on Wake County, NC

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Data Source

HUD Seal

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