North Carolina (NC) has the
28th highest rent in the country out of 54 states and territories. The Fair Market Rent in North Carolina
$632 for a 2-bedroom apartment in
Hickory-Lenoir-Morganton, NC MSA
to $1,107 for a 2-bedroom unit in
Virginia Beach-Norfolk-Newport News, VA-NC MSA.
For FY 2015, the Virginia Beach-Norfolk-Newport News, VA-NC MSA (Currituck County) rent for a studio or efficiency is $894 per month and $1,926 per month to rent a house or an apartment with 4 bedrooms.
The average Fair Market Rent for a 2-bedroom home in North Carolina is $707 per month.
Approximately 15% of Americans qualify for some level of housing assistance. The population in
North Carolina is around 9,535,483 people. So, there are around 1,430,322 people in North Carolina who could be receiving housing benefits from the HUD.
Click on your region in the list below or on the map to see a more detailed break down of rental prices.
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 North Carolina.
Fair Market Rent is the 40th-percentile of typical rentals in a given region.