What is the Fair Market Rent for a 2-bedroom in Raleigh, NC MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Raleigh, NC MSA is $1,750 per month for fiscal year 2026. The studio FMR is $1,524, 1-bedroom is $1,596, 3-bedroom is $2,196, and 4-bedroom is $2,936.

What income do you need to afford the FMR in Raleigh, NC MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $70,000 per year ($5,833 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,750 in Raleigh, NC MSA.

FY2026 Fair Market Rents — Raleigh, NC MSA

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

Studio

$1,524

1BR

$1,596

2BR

$1,750

3BR

$2,196

4BR

$2,936

Hours/week at min wage

186 hrs

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

YoY change (2BR)

-0.7%

$13 vs FY2025 · 5-yr +45.8%

Voucher payment standard

$1,575–$1,925

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

Raleigh, NC MSA

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,524	$18,288
1-Bedroom	$1,596	$19,152
2-Bedroom	$1,750	$21,000
3-Bedroom	$2,196	$26,352
4-Bedroom	$2,936	$35,232

Recent 2-Bedroom FMR Trend

FY2020 $1,163 → FY2026 $1,750

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,524	$1,596	$1,750	$2,196	$2,936
FY2025	$1,533	$1,592	$1,763	$2,192	$2,961
FY2024	$1,427	$1,466	$1,646	$2,035	$2,711
FY2023	$1,213	$1,250	$1,412	$1,733	$2,293
FY2022	$1,038	$1,073	$1,223	$1,517	$1,982
FY2021	$1,013	$1,053	$1,200	$1,509	$1,950
FY2020	$962	$1,022	$1,163	$1,482	$1,895

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $132,300

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$27,800	$31,800	$35,750	$39,700	$42,900	$46,100
50% AMI (Very Low)	$46,350	$52,950	$59,550	$66,150	$71,450	$76,750
80% AMI (Low)	$74,100	$84,700	$95,300	$105,850	$114,350	$122,800

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$21,000/yr

FMR as % of Area Median Income

15.9% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$70,000/yr

$5,833/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	$1,157	$1,323	$1,488	$1,786	$1,918
60% AMI Maximum	$1,389	$1,587	$1,786	$2,143	$2,302

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	$1,524	$1,596	$1,750	$2,149	$2,149
Low HOME Rent	$1,158	$1,323	$1,488	$1,653	$1,786

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $1,750. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

27519	$2,240
27560	$2,230
27502	$2,140
27523	$2,110
27540	$2,110

Lowest-cost ZIPs (2BR SAFMR)

27501	$1,350
27504	$1,350
27508	$1,350
27524	$1,350
27525	$1,350

All 86 ZIP codes in this area

27501 27502 27504 27508 27511 27512 27513 27518 27519 27520 27522 27523 27524 27525 27526 27527 27528 27529 27537 27539 27540 27542 27544 27545 27549 27555 27557 27560 27562 27568 27569 27571 27576 27577 27587 27588 27589 27591 27592 27593 27596 27597 27601 27602 27603 27604 27605 27606 27607 27608 27609 27610 27611 27612 27613 27614 27615 27616 27617 27619 27620 27622 27623 27624 27627 27628 27629 27636 27640 27656 27658 27661 27675 27676 27690 27695 27697 27699 27703 27713 27816 27844 27863 27882 28334 28366

Compare Raleigh, NC MSA 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