FY2026 Fair Market Rents — Alamance County
Studio
$992
1BR
$1,230
2BR
$1,348
3BR
$1,670
4BR
$1,972
Alamance County, North Carolina
FIPS 37001 · County-level FMR and income limit data
FMR Area: Burlington, NC MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $992 | $11,904 |
| 1-Bedroom | $1,230 | $14,760 |
| 2-Bedroom | $1,348 | $16,176 |
| 3-Bedroom | $1,670 | $20,040 |
| 4-Bedroom | $1,972 | $23,664 |
To afford the FY2026 2-bedroom FMR of $1,348/mo under the 30%-of-income rule, a household needs about
$53,920/yr ($4,493/mo). Area Median Income is $88,600.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 144 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $992 | $1,230 | $1,348 | $1,670 | $1,972 |
| FY2025 | $869 | $1,099 | $1,217 | $1,532 | $1,806 |
| FY2024 | $828 | $1,043 | $1,215 | $1,523 | $1,713 |
| FY2023 | $714 | $837 | $1,023 | $1,285 | $1,390 |
| FY2022 | $619 | $698 | $891 | $1,126 | $1,208 |
| FY2021 | $636 | $682 | $885 | $1,126 | $1,201 |
| FY2020 | $601 | $659 | $847 | $1,100 | $1,248 |
FY2026 Income Limits
Area Median Income: $88,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,650 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,050 | $35,450 | $39,900 | $44,300 | $47,850 | $51,400 |
| 80% AMI | $49,650 | $56,750 | $63,850 | $70,900 | $76,600 | $82,250 |