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

Fair Market Rent Prices in Polk County, NC :
$564 $568 $746 $930 $1,050
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 Polk County are low compared to the national average. This FMR area is less expensive than 55% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Polk County is $746 per month.

The previous year, rent for a two-bedroom home was $795 per month. This is a 6.16% decrease year-over-year.

This FMR rate applies to Lynn, NC, Tryon, NC, Columbus, NC, Rutherfordton, NC and other cities within the region. The Metro Code or CBSA code for this region is NCNTY37149N37149.

Additionally, This Fair Market Rent (FMR) area Polk County, NC spans one county or city in North Carolina which is listed in the table below. Estimated population of Polk County, NC FMR area is 20,435 people based on latest Census data.

Compared to the rest of North Carolina, the Polk County FMR area is less expensive than 55% 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 Polk County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Polk 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 $ 607
1-BR 1-Bedroom $ 611
2-BR 2-Bedroom $ 803
3-BR 3-Bedroom $ 1001
4-BR 4-Bedroom $ 1131
Change Year:

There is just one county (listed below) within the Polk 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
Polk County, NC 20,435
Zip Codes in Polk County, NC

There are 4 unique zip codes in this Fair Market Rent (FMR) area:

28139, 28722, 28750 and 28782

Lookup Fair Market Rent by Zip Code