Hickory-Lenoir-Morganton Fair Market Rent FY 2021 Hickory-Lenoir-Morganton, NC MSA Rental Data

Fair Market Rent prices in Hickory-Lenoir-Morganton are very low compared to the national average. This FMR area is less expensive than 77% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Hickory-Lenoir-Morganton is $693 per month.

The previous year, rent for a two-bedroom home was $712 per month. This is a 2.67% decrease 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 83% of the state.

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.

50^th Percentile Rental Prices: