Logo Wilmington Fair Market Rent FY 2021 Wilmington, NC HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Wilmington, NC :
$754 $873 $1,069 $1,449 $1,841
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 Wilmington are very high compared to the national average. This FMR area is more expensive than 92% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Wilmington is $1,069 per month.

The previous year, rent for a two-bedroom home was $966 per month. This is a 10.66% 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 0 people based on 2000 Census data.

Compared to the rest of North Carolina, the Wilmington FMR area is more expensive than 92% 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 Wilmington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 798
1-BR 1-Bedroom $ 924
2-BR 2-Bedroom $ 1131
3-BR 3-Bedroom $ 1533
4-BR 4-Bedroom $ 1948
Change Year:

There is just one county (listed below) within the Wilmington, NC HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Wilmington.

County / Region Est. Population
New Hanover County, NC Metro 0
Zip Codes in Wilmington, NC HUD Metro FMR Area

There are 14 unique zip codes in this Fair Market Rent (FMR) area:

28402, 28403, 28404, 28405, 28406, 28408, 28409, 28410, 28411, 28412, 28428, 28429, 28449 and 28480

Lookup Fair Market Rent by Zip Code