Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Burlington Fair Market Rent FY 2020 Burlington, NC MSA Rental Data

Fair Market Rent Prices in Burlington, NC :
$601 $659 $847 $1,100 $1,248
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Burlington are high compared to the national average. This FMR area is more expensive than 76% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Burlington is $847 per month.

The previous year, rent for a two-bedroom home was $812 per month. This is a 4.31% increase year-over-year.

This FMR rate applies to Alamance, NC, Altamahaw, NC, Swepsonville, NC, Saxapahaw, NC, Snow Camp, NC, Haw River, NC, Liberty, NC, Elon, NC, Gibsonville, NC, Siler City, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO15500M15500.

Additionally, This Fair Market Rent (FMR) area Burlington, NC MSA spans one county or city in North Carolina which is listed in the table below. Estimated population of Burlington, NC MSA FMR area is 157,845 people based on latest Census data.

Compared to the rest of North Carolina, the Burlington FMR area is more expensive than 73% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Burlington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Burlington

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 642
1-BR 1-Bedroom $ 705
2-BR 2-Bedroom $ 905
3-BR 3-Bedroom $ 1175
4-BR 4-Bedroom $ 1333
Change Year:

There is just one county (listed below) within the Burlington, NC MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Greensboro - H. Point - W. Salem and Raleigh - Durham (Fayetvlle).

County / Region Est. Population
Alamance County, NC Metro 157,845
Zip Codes in Burlington, NC MSA

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

27201, 27202, 27215, 27216, 27217, 27244, 27249, 27253, 27258, 27298, 27302, 27340, 27344, 27349 and 27359

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