Wilmington Fair Market Rent FY 2016 Wilmington, NC HUD Metro FMR Area Rental Data

Fair Market Rent prices in Wilmington are very high compared to the national average. This FMR area is more expensive than 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Wilmington is $897 per month.

The previous year, rent for a two-bedroom home was $847 per month. This is a 5.9% increase year-over-year.

This FMR rate applies to Kure Beach, NC, Wrightsville Beach, NC, Carolina Beach, NC, Castle Hayne, NC, Wilmington, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO48900M48900.

Additionally, This Fair Market Rent (FMR) area Wilmington, NC HUD Metro FMR Area spans one county or city in North Carolina which is listed in the table below. Estimated population of Wilmington, NC HUD Metro FMR Area FMR area is 202,667 people based on latest Census data.

Compared to the rest of North Carolina, the Wilmington FMR area is more expensive than 96% of the state.

Median Rent Prices in Wilmington

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.

50^th Percentile Rental Prices: