Durham-Chapel Hill Fair Market Rent FY 2019 Durham-Chapel Hill, NC HUD Metro FMR Area Rental Data

Fair Market Rent prices in Durham-Chapel Hill are very high compared to the national average. This FMR area is more expensive than 93% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Durham-Chapel Hill is $1,055 per month.

The previous year, rent for a two-bedroom home was $990 per month. This is a 6.57% increase year-over-year.

This FMR rate applies to Bonlee, NC, Gulf, NC, Bennett, NC, Goldston, NC, New Hill, NC, Moncure, NC, Staley, NC, Bear Creek, NC, Robbins, NC, Pittsboro, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO20500M20500.

Additionally, This Fair Market Rent (FMR) area Durham-Chapel Hill, NC HUD Metro FMR Area spans one county or city in North Carolina which is listed in the table below. Estimated population of Durham-Chapel Hill, NC HUD Metro FMR Area FMR area is 63,505 people based on latest Census data.

Compared to the rest of North Carolina, the Durham-Chapel Hill FMR area is more expensive than 96% of the state.

Median Rent Prices in Durham-Chapel Hill

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: