What is the Fair Market Rent for a 2-bedroom in Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area is $1,686 per month for fiscal year 2026. The studio FMR is $1,469, 1-bedroom is $1,538, 3-bedroom is $2,076, and 4-bedroom is $2,637.

What income do you need to afford the FMR in Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $67,440 per year ($5,620 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,686 in Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area.

FY2026 Fair Market Rents — Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area

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

Studio

$1,469

1BR

$1,538

2BR

$1,686

3BR

$2,076

4BR

$2,637

Hours/week at min wage

179 hrs

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

YoY change (2BR)

-7.6%

$138 vs FY2025 · 5-yr +46.5%

Voucher payment standard

$1,517–$1,855

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

Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,469	$17,628
1-Bedroom	$1,538	$18,456
2-Bedroom	$1,686	$20,232
3-Bedroom	$2,076	$24,912
4-Bedroom	$2,637	$31,644

Recent 2-Bedroom FMR Trend

FY2020 $1,063 → FY2026 $1,686

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,469	$1,538	$1,686	$2,076	$2,637
FY2025	$1,586	$1,647	$1,824	$2,250	$2,852
FY2024	$1,347	$1,384	$1,554	$1,936	$2,481
FY2023	$1,154	$1,180	$1,333	$1,691	$2,183
FY2022	$996	$1,014	$1,155	$1,497	$1,942
FY2021	$987	$1,010	$1,151	$1,518	$1,956
FY2020	$907	$934	$1,063	$1,423	$1,828

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $117,400

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$24,650	$28,200	$31,700	$35,200	$38,680	$44,360
50% AMI (Very Low)	$41,100	$47,000	$52,850	$58,700	$63,400	$68,100
80% AMI (Low)	$65,750	$75,150	$84,550	$93,900	$101,450	$108,950

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$20,232/yr

FMR as % of Area Median Income

17.2% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$67,440/yr

$5,620/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	$1,027	$1,174	$1,320	$1,584	$1,702
60% AMI Maximum	$1,232	$1,408	$1,584	$1,901	$2,042

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	$1,469	$1,538	$1,686	$1,907	$1,907
Low HOME Rent	$1,027	$1,175	$1,321	$1,467	$1,585

Compare Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area With Other SC Metros

vs. Anderson, SC HUD Metro FMR Area vs. Beaufort County, SC HUD Metro FMR Area vs. Charleston-North Charleston, SC MSA vs. Chester County, SC HUD Metro FMR Area vs. Clarendon County, SC HUD Metro FMR Area