What is the Fair Market Rent for a 2-bedroom in Iredell County, NC HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Iredell County, NC HUD Metro FMR Area is $1,340 per month for fiscal year 2026. The studio FMR is $1,167, 1-bedroom is $1,222, 3-bedroom is $1,809, and 4-bedroom is $2,248.

What income do you need to afford the FMR in Iredell County, NC HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $53,600 per year ($4,467 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,340 in Iredell County, NC HUD Metro FMR Area.

FY2026 Fair Market Rents — Iredell County, NC HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$1,167

1BR

$1,222

2BR

$1,340

3BR

$1,809

4BR

$2,248

Hours/week at min wage

143 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#265

of 661 U.S. metros (top 41% most expensive)

YoY change (2BR)

-3.4%

$47 vs FY2025 · 5-yr +45.2%

Voucher payment standard

$1,206–$1,474

PHAs set HCV payment at 90–110% of the 2BR FMR

Iredell County, NC HUD Metro FMR Area

Metropolitan area · NC · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,167	$14,004
1-Bedroom	$1,222	$14,664
2-Bedroom	$1,340	$16,080
3-Bedroom	$1,809	$21,708
4-Bedroom	$2,248	$26,976

Recent 2-Bedroom FMR Trend

FY2020 $876 → FY2026 $1,340

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,167	$1,222	$1,340	$1,809	$2,248
FY2025	$1,206	$1,253	$1,387	$1,908	$2,329
FY2024	$1,046	$1,075	$1,207	$1,652	$2,048
FY2023	$896	$915	$1,034	$1,395	$1,761
FY2022	$798	$812	$925	$1,232	$1,583
FY2021	$791	$810	$923	$1,244	$1,582
FY2020	$748	$770	$876	$1,170	$1,538

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $107,300

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$22,550	$25,800	$29,000	$33,000	$38,680	$44,360
50% AMI (Very Low)	$37,600	$42,950	$48,300	$53,650	$57,950	$62,250
80% AMI (Low)	$60,100	$68,700	$77,300	$85,850	$92,750	$99,600

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$16,080/yr

FMR as % of Area Median Income

15% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$53,600/yr

$4,467/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$938	$1,073	$1,207	$1,448	$1,555
60% AMI Maximum	$1,126	$1,287	$1,448	$1,738	$1,867

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$1,167	$1,222	$1,340	$1,743	$1,743
Low HOME Rent	$940	$1,073	$1,207	$1,341	$1,448

Compare Iredell County, NC HUD Metro FMR Area With Other NC Metros

vs. Anson County, NC HUD Metro FMR Area vs. Asheville, NC HUD Metro FMR Area vs. Brunswick County, NC HUD Metro FMR Area vs. Brunswick County, NC HUD Metro FMR Area vs. Burlington, NC MSA

Counties in This FMR Area

Iredell County