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

The HUD Fair Market Rent for a 2-bedroom unit in Rowan County, NC HUD Metro FMR Area is $1,196 per month for fiscal year 2026. The studio FMR is $952, 1-bedroom is $958, 3-bedroom is $1,573, and 4-bedroom is $2,006.

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

Using the standard 30%-of-income affordability rule, a household would need to earn about $47,840 per year ($3,987 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,196 in Rowan County, NC HUD Metro FMR Area.

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

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

Studio

$952

1BR

$958

2BR

$1,196

3BR

$1,573

4BR

$2,006

Hours/week at min wage

127 hrs

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

National rank

#361

of 661 U.S. metros (top 55% most expensive)

YoY change (2BR)

-6.9%

$89 vs FY2025 · 5-yr +34.2%

Voucher payment standard

$1,076–$1,316

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

Rowan 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)	$952	$11,424
1-Bedroom	$958	$11,496
2-Bedroom	$1,196	$14,352
3-Bedroom	$1,573	$18,876
4-Bedroom	$2,006	$24,072

Recent 2-Bedroom FMR Trend

FY2020 $842 → FY2026 $1,196

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$952	$958	$1,196	$1,573	$2,006
FY2025	$1,044	$1,050	$1,285	$1,691	$2,158
FY2024	$925	$931	$1,121	$1,483	$1,702
FY2023	$800	$805	$980	$1,270	$1,388
FY2022	$707	$712	$874	$1,144	$1,185
FY2021	$715	$724	$891	$1,158	$1,208
FY2020	$653	$681	$842	$1,111	$1,141

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $79,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$17,500	$21,640	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$29,200	$33,400	$37,550	$41,700	$45,050	$48,400
80% AMI (Low)	$46,700	$53,400	$60,050	$66,700	$72,050	$77,400

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$14,352/yr

FMR as % of Area Median Income

18.2% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$47,840/yr

$3,987/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	$691	$790	$888	$1,066	$1,145
60% AMI Maximum	$829	$948	$1,066	$1,279	$1,374

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	$952	$958	$1,196	$1,283	$1,283
Low HOME Rent	$730	$835	$938	$1,042	$1,126

Compare Rowan 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

Rowan County