Logo Vance County Fair Market Rent FY 2021 Vance County, NC Rental Data

Fair Market Rent Prices in Vance County, NC :
$540 $608 $693 $979 $1,113
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 Vance County are low compared to the national average. This FMR area is less expensive than 57% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Vance County is $693 per month.

The previous year, rent for a two-bedroom home was $671 per month. This is a 3.28% increase year-over-year.

This FMR rate applies to Middleburg, NC, Townsville, NC, Manson, NC, Norlina, NC, Henderson, NC and other cities within the region. The Metro Code or CBSA code for this region is NCNTY37181N37181.

Additionally, This Fair Market Rent (FMR) area Vance County, NC spans one county or city in North Carolina which is listed in the table below. Estimated population of Vance County, NC FMR area is 44,420 people based on latest Census data.

Compared to the rest of North Carolina, the Vance County FMR area is less expensive than 63% 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 Vance County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Vance 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 $ 568
1-BR 1-Bedroom $ 640
2-BR 2-Bedroom $ 730
3-BR 3-Bedroom $ 1031
4-BR 4-Bedroom $ 1172
Change Year:

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

County / Region Est. Population
Vance County, NC 44,420
Zip Codes in Vance County, NC

There are 5 unique zip codes in this Fair Market Rent (FMR) area:

27536, 27553, 27556, 27563 and 27584

Lookup Fair Market Rent by Zip Code