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

Fair Market Rent Prices in Watauga County, NC :
$591 $677 $865 $1,141 $1,174
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Watauga County are high compared to the national average. This FMR area is more expensive than 75% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Watauga County is $865 per month.

The previous year, rent for a two-bedroom home was $914 per month. This is a 5.36% decrease year-over-year.

This FMR rate applies to Vilas, NC, Boone, NC and other cities within the region. The Metro Code or CBSA code for this region is NCNTY37189N37189.

Additionally, This Fair Market Rent (FMR) area Watauga County, NC spans one county or city in North Carolina which is listed in the table below. Estimated population of Watauga County, NC FMR area is 53,420 people based on latest Census data.

Compared to the rest of North Carolina, the Watauga County FMR area is more expensive than 73% 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 Watauga County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Watauga 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 $ 666
1-BR 1-Bedroom $ 762
2-BR 2-Bedroom $ 974
3-BR 3-Bedroom $ 1284
4-BR 4-Bedroom $ 1321
Change Year:

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

County / Region Est. Population
Watauga County, NC 53,420
Zip Codes in Watauga County, NC

There are 3 unique zip codes in this Fair Market Rent (FMR) area:

28607, 28608 and 28692

Lookup Fair Market Rent by Zip Code