Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo 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, NC :
$834 $902 $1,055 $1,435 $1,624
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 50th Percentile Metro Area

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, Cedar Grove, NC, Moncure, NC, Staley, NC, Bear Creek, NC, Bahama, 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 three counties or cities in North Carolina which ares listed in the table below. Estimated population of Durham-Chapel Hill, NC HUD Metro FMR Area FMR area is 464,893 people based on latest Census data.

Compared to the rest of North Carolina, the Durham-Chapel Hill FMR area is more expensive than 95% 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 Durham-Chapel Hill. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 893
1-BR 1-Bedroom $ 965
2-BR 2-Bedroom $ 1129
3-BR 3-Bedroom $ 1535
4-BR 4-Bedroom $ 1738
Change Year:

The counties, cities, towns, and regions listed below fall into the Durham-Chapel Hill, NC HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Raleigh - Durham (Fayetvlle) and Greensboro - H. Point - W. Salem.

County / Region Est. Population
Chatham County, NC Metro 63,505
Durham County, NC Metro 267,587
Orange County, NC Metro 133,801
Zip Codes in Durham-Chapel Hill, NC HUD Metro FMR Area

There are 47 unique zip codes in this Fair Market Rent (FMR) area:

27207, 27208, 27213, 27231, 27243, 27252, 27256, 27278, 27312, 27325, 27330, 27332, 27355, 27502, 27503, 27510, 27514, 27515, 27516, 27517, 27519, 27523, 27540, 27541, 27559, 27560, 27562, 27572, 27583, 27599, 27613, 27617, 27701, 27702, 27703, 27704, 27705, 27706, 27707, 27708, 27709, 27710, 27712, 27713, 27715, 27717 and 27722

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