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

The HUD Fair Market Rent for a 2-bedroom unit in Granville County, NC HUD Metro FMR Area is $1,333 per month for fiscal year 2025. The studio FMR is $1,140, 1-bedroom is $1,204, 3-bedroom is $1,745, and 4-bedroom is $1,888.

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

Using the standard 30%-of-income affordability rule, a household would need to earn about $53,320 per year ($4,443 per month) to afford the FY2025 2-bedroom Fair Market Rent of $1,333 in Granville County, NC HUD Metro FMR Area.

FY2025 Fair Market Rents — Granville County, NC HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2025 in this area are:

Studio

$1,140

1BR

$1,204

2BR

$1,333

3BR

$1,745

4BR

$1,888

Hours/week at min wage

142 hrs

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

National rank

#231

of 639 U.S. metros (top 37% most expensive)

YoY change (2BR)

+14.1%

+$165 vs FY2024

Voucher payment standard

$1,200–$1,466

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

Granville County, NC HUD Metro FMR Area

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

FY2025 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,140	$13,680
1-Bedroom	$1,204	$14,448
2-Bedroom	$1,333	$15,996
3-Bedroom	$1,745	$20,940
4-Bedroom	$1,888	$22,656

Recent 2-Bedroom FMR Trend

FY2022 $863 → FY2025 $1,333

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2025	$1,140	$1,204	$1,333	$1,745	$1,888
FY2024	$1,013	$1,040	$1,168	$1,579	$1,739
FY2023	$865	$870	$1,012	$1,318	$1,551
FY2022	$666	$670	$863	$1,093	$1,349

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $86,600

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,200	$20,800	$25,820	$31,200	$36,580	$41,960
50% AMI (Very Low)	$30,350	$34,650	$39,000	$43,300	$46,800	$50,250
80% AMI (Low)	$48,550	$55,450	$62,400	$69,300	$74,850	$80,400

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$15,996/yr

FMR as % of Area Median Income

18.5% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$53,320/yr

$4,443/mo gross income

FY2024 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	$757	$866	$974	$1,169	$1,255
60% AMI Maximum	$909	$1,039	$1,169	$1,402	$1,506

FY2024 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	$1,013	$1,040	$1,168	$1,407	$1,407
Low HOME Rent	$758	$866	$975	$1,082	$1,170

Compare Granville 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