Burlington Fair Market Rent FY 2023 Burlington, NC MSA Rental Data

Fair Market Rent prices in Burlington are high compared to the national average. This FMR area is more expensive than 77% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Burlington is $1,023 per month.

The previous year, rent for a two-bedroom home was $891 per month. This is a 14.81% 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 166,144 people based on latest Census data.

Compared to the rest of North Carolina, the Burlington FMR area is more expensive than 71% of the state.

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.

50^th Percentile Rental Prices: