Rent in North Carolina
The median 2-bedroom Fair Market Rent in North Carolina is $1,251/mo, ranking #28 out of 51 states for highest rent. This is $1 above the national median of $1,250/mo. North Carolina has a population of 10.6M. About 33.6% of households rent their homes. Fair Market Rent data covers 28 areas across the state.
Highlights
All 28 Areas in North Carolina
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Raleigh-Cary Pop. 1.4M | $1,524 | $1,596 | $1,750 | $2,196 | 21.9% | - |
| Virginia Beach-Norfolk-Newport News Pop. 1.8M | $1,492 | $1,512 | $1,713 | $2,376 | 25.5% | +14.7% |
| Durham-Chapel Hill Pop. 594K | $1,417 | $1,507 | $1,711 | $2,117 | 25.3% | +4.9% |
| Gates County Pop. 10K | $1,489 | $1,513 | $1,709 | $2,364 | 33.3% | +62.8% |
| Charlotte-Concord-Gastonia Pop. 2.7M | $1,469 | $1,538 | $1,686 | $2,076 | 25.2% | +8.5% |
| Wilmington Pop. 441K | $1,144 | $1,513 | $1,659 | $2,178 | 27% | +9.5% |
| Asheville Pop. 411K | $1,227 | $1,429 | $1,567 | $1,905 | 27.2% | -6.7% |
| Brunswick County Pop. 146K | $1,242 | $1,301 | $1,426 | $1,983 | 23.1% | +26% |
| Pinehurst-Southern Pines Pop. 103K | $1,157 | $1,239 | $1,358 | $1,889 | 19.7% | - |
| Burlington Pop. 174K | $992 | $1,230 | $1,348 | $1,670 | 25.1% | +10.9% |
| Iredell County Pop. 192K | $1,167 | $1,222 | $1,340 | $1,809 | 20.4% | +11% |
| Greensboro-High Point Pop. 780K | $1,159 | $1,213 | $1,330 | $1,703 | 25.3% | +13.7% |
| Camden County Pop. 11K | $1,121 | $1,139 | $1,287 | $1,790 | 17.6% | +41% |
| Fayetteville Pop. 390K | $1,090 | $1,113 | $1,251 | $1,667 | 25.5% | -3.2% |
| Goldsboro Pop. 118K | $942 | $948 | $1,244 | $1,496 | 25.7% | +13.9% |
| Winston-Salem Pop. 684K | $995 | $1,082 | $1,232 | $1,607 | 23% | +11% |
| Rowan County Pop. 148K | $952 | $958 | $1,196 | $1,573 | 22.7% | +6.7% |
| Jacksonville Pop. 209K | $929 | $935 | $1,173 | $1,631 | 21.8% | -7.9% |
| Pender County Pop. 63K | $1,016 | $1,064 | $1,166 | $1,622 | 18.2% | +5.1% |
| Rocky Mount Pop. 144K | $913 | $918 | $1,143 | $1,550 | 23.9% | +10.4% |
| Anson County Pop. 22K | $785 | $867 | $1,138 | $1,364 | 30.9% | +2.7% |
| Greenville Pop. 172K | $891 | $896 | $1,095 | $1,465 | 22.3% | -5.2% |
| Hickory-Lenoir-Morganton Pop. 367K | $858 | $908 | $1,095 | $1,372 | 21.8% | +8% |
| Lincoln County Pop. 90K | $917 | $953 | $1,054 | $1,461 | 16.1% | -3.2% |
| Rockingham County Pop. 92K | $717 | $793 | $1,040 | $1,286 | 22.4% | +11.3% |
| Hoke County Pop. 53K | $756 | $761 | $998 | $1,388 | 19.9% | -4.9% |
| Davidson County Pop. 171K | $816 | $876 | $960 | $1,316 | 18.5% | +0.6% |
| Person County Pop. 39K | $739 | $744 | $948 | $1,318 | 17.5% | -0.1% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across North Carolina is $1,251 per month. Rents range from $948/mo in Person County to $1,750/mo in Raleigh-Cary. The actual median gross rent statewide is $1,162/mo according to Census data.
North Carolina ranks #28 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,251/mo is $1 above the national median of $1,250/mo.
The average rent burden across North Carolina is 23.1%, meaning a typical household would spend 23.1% of income on a 2-bedroom at Fair Market Rent. 2 of 28 areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $69,904.
The most affordable area in North Carolina is Person County with a 2-bedroom Fair Market Rent of $948/mo. The median household income there is $64,927.
The most expensive area in North Carolina is Raleigh-Cary with a 2-bedroom Fair Market Rent of $1,750/mo. The median household income there is $96,066.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.