Logo Mitchell County Fair Market Rent FY 2020 Mitchell County, NC Rental Data

Fair Market Rent Prices in Mitchell County, NC :
$507 $510 $671 $843 $1,067
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Mitchell County are very low compared to the national average. This FMR area is less expensive than 82% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Mitchell County is $671 per month.

The previous year, rent for a two-bedroom home was $679 per month. This is a 1.18% decrease year-over-year.

This FMR rate applies to Penland, NC, Green Mountain, NC and other cities within the region. The Metro Code or CBSA code for this region is NCNTY37121N37121.

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

Compared to the rest of North Carolina, the Mitchell County FMR area is less expensive than 90% of the state.

North Carolina Rents Map

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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 Mitchell County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Mitchell 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 $ 507
1-BR 1-Bedroom $ 510
2-BR 2-Bedroom $ 671
3-BR 3-Bedroom $ 843
4-BR 4-Bedroom $ 1067
Change Year:

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

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

There are 2 unique zip codes in this Fair Market Rent (FMR) area:

28740 and 28765

Lookup Fair Market Rent by Zip Code