Logo Raleigh Fair Market Rent FY 2020 Raleigh, NC MSA Rental Data

Fair Market Rent Prices in Raleigh, NC :
$962 $1,022 $1,163 $1,482 $1,895
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Raleigh are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Raleigh is $1,163 per month.

The previous year, rent for a two-bedroom home was $1,086 per month. This is a 7.09% increase year-over-year.

This FMR rate applies to Bunn, NC, Castalia, NC, Kittrell, NC, Warrenton, NC, Middlesex, NC, Spring Hope, NC, Franklinton, NC, Youngsville, NC, Louisburg, NC, Henderson, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO39580M39580.

Additionally, This Fair Market Rent (FMR) area Raleigh, NC MSA spans one county or city in North Carolina which is listed in the table below. Estimated population of Raleigh, NC MSA FMR area is 63,865 people based on latest Census data.

Compared to the rest of North Carolina, the Raleigh FMR area is more expensive than 97% 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 Raleigh. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Raleigh

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 $ 1030
1-BR 1-Bedroom $ 1094
2-BR 2-Bedroom $ 1245
3-BR 3-Bedroom $ 1587
4-BR 4-Bedroom $ 2028
Change Year:

There is just one county (listed below) within the Raleigh, NC MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Raleigh - Durham (Fayetvlle).

County / Region Est. Population
Raleigh, NC Metro 63,865
Zip Codes in Raleigh, NC MSA

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

27508, 27525, 27537, 27544, 27549, 27557, 27587, 27589, 27596, 27597, 27816 and 27882

Lookup Fair Market Rent by Zip Code