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

The HUD Fair Market Rent for a 2-bedroom unit in Gates County, NC HUD Metro FMR Area is $1,709 per month for fiscal year 2026. The studio FMR is $1,489, 1-bedroom is $1,513, 3-bedroom is $2,364, and 4-bedroom is $2,794.

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

Using the standard 30%-of-income affordability rule, a household would need to earn about $68,360 per year ($5,697 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,709 in Gates County, NC HUD Metro FMR Area.

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

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

Studio

$1,489

1BR

$1,513

2BR

$1,709

3BR

$2,364

4BR

$2,794

Hours/week at min wage

182 hrs

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

YoY change (2BR)

+38.9%

+$479 vs FY2025 · 5-yr +130%

Voucher payment standard

$1,538–$1,880

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

Gates County, NC HUD Metro FMR Area

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,489	$17,868
1-Bedroom	$1,513	$18,156
2-Bedroom	$1,709	$20,508
3-Bedroom	$2,364	$28,368
4-Bedroom	$2,794	$33,528

Recent 2-Bedroom FMR Trend

FY2020 $697 → FY2026 $1,709

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,489	$1,513	$1,709	$2,364	$2,794
FY2025	$1,069	$1,079	$1,230	$1,653	$2,038
FY2024	$905	$908	$1,050	$1,431	$1,781
FY2023	$779	$792	$923	$1,203	$1,492
FY2022	$663	$677	$795	$1,023	$1,317
FY2021	$622	$630	$743	$971	$1,286
FY2020	$585	$588	$697	$1,005	$1,221

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $83,900

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,650	$21,640	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$31,000	$35,450	$39,900	$44,300	$47,850	$51,400
80% AMI (Low)	$49,650	$56,750	$63,850	$70,900	$76,600	$82,250

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$20,508/yr

FMR as % of Area Median Income

24.4% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$68,360/yr

$5,697/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	$734	$839	$943	$1,132	$1,216
60% AMI Maximum	$880	$1,006	$1,132	$1,359	$1,459

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	$1,363	$1,363	$1,363	$1,363	$1,363
Low HOME Rent	$775	$886	$997	$1,107	$1,196

Compare Gates 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