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Fair Market Rent Prices in Hickory-Lenoir-Morganton, NC :
$569 $573 $712 $918 $1,035
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Hickory-Lenoir-Morganton are low compared to the national average. This FMR area is less expensive than 59% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Hickory-Lenoir-Morganton is $712 per month.

The previous year, rent for a two-bedroom home was $679 per month. This is a 4.86% increase year-over-year.

This FMR rate applies to Jonas Ridge, NC, Linville Falls, NC, Patterson, NC, Rhodhiss, NC, Rutherford College, NC, Terrell, NC, Icard, NC, Ferguson, NC, Glen Alpine, NC, Boomer, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO25860M25860.

Additionally, This Fair Market Rent (FMR) area Hickory-Lenoir-Morganton, NC MSA spans four counties or cities in North Carolina which ares listed in the table below. Estimated population of Hickory-Lenoir-Morganton, NC MSA FMR area is 364,045 people based on latest Census data.

Compared to the rest of North Carolina, the Hickory-Lenoir-Morganton FMR area is less expensive than 64% 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 Hickory-Lenoir-Morganton. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Hickory-Lenoir-Morganton

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 $ 604
1-BR 1-Bedroom $ 608
2-BR 2-Bedroom $ 756
3-BR 3-Bedroom $ 974
4-BR 4-Bedroom $ 1099
Change Year:

The counties, cities, towns, and regions listed below fall into the Hickory-Lenoir-Morganton, NC MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers three metro areas: Charlotte, Greensboro - H. Point - W. Salem and Greenvll - Spart - Ashevll - And.

County / Region Est. Population
Alexander County, NC Metro 37,160
Burke County, NC Metro 88,900
Caldwell County, NC Metro 81,805
Catawba County, NC Metro 156,180
Zip Codes in Hickory-Lenoir-Morganton, NC MSA

There are 39 unique zip codes in this Fair Market Rent (FMR) area:

28037, 28090, 28092, 28168, 28601, 28602, 28603, 28606, 28609, 28610, 28612, 28613, 28619, 28624, 28625, 28628, 28630, 28633, 28636, 28637, 28638, 28641, 28645, 28647, 28650, 28654, 28658, 28661, 28666, 28667, 28671, 28673, 28678, 28680, 28681, 28682, 28689, 28690 and 28761

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