Logo Cleveland County Fair Market Rent FY 2022 Cleveland County, NC Rental Data

Fair Market Rent Prices in Cleveland County, NC :
$504 $550 $724 $976 $1,160
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 50th Percentile Non-Metro

Fair Market Rent prices in Cleveland County are very low compared to the national average. This FMR area is less expensive than 71% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Cleveland County is $724 per month.

The previous year, rent for a two-bedroom home was $693 per month. This is a 4.47% increase year-over-year.

This FMR rate applies to Lattimore, NC, Waco, NC, Earl, NC, Polkville, NC, Fallston, NC, Boiling Springs, NC, Casar, NC, Grover, NC, Mooresboro, NC, Ellenboro, NC and other cities within the region. The Metro Code or CBSA code for this region is NCNTY37045N37045.

Additionally, This Fair Market Rent (FMR) area Cleveland County, NC spans one county or city in North Carolina which is listed in the table below. Estimated population of Cleveland County, NC FMR area is 0 people based on 2000 Census data.

Compared to the rest of North Carolina, the Cleveland County FMR area is less expensive than 85% 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 Cleveland County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Cleveland County

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 $ 532
1-BR 1-Bedroom $ 581
2-BR 2-Bedroom $ 764
3-BR 3-Bedroom $ 1030
4-BR 4-Bedroom $ 1224
Change Year:

There is just one county (listed below) within the Cleveland County, NC FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Charlotte and Greenvll - Spart - Ashevll - And.

County / Region Est. Population
, NC 0
Zip Codes in Cleveland County, NC

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

28017, 28020, 28021, 28038, 28040, 28042, 28073, 28086, 28089, 28114, 28136, 28150, 28151, 28152 and 28169

Lookup Fair Market Rent by Zip Code