FY2026 Fair Market Rents — Cabarrus County
Studio
$1,469
1BR
$1,538
2BR
$1,686
3BR
$2,076
4BR
$2,637
Cabarrus County, North Carolina
FIPS 37025 · County-level FMR and income limit data
FMR Area: Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area
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 |
To afford the FY2026 2-bedroom FMR of $1,686/mo under the 30%-of-income rule, a household needs about
$67,440/yr ($5,620/mo). Area Median Income is $117,400.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 179 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $117,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,650 | $28,200 | $31,700 | $35,200 | $38,680 | $44,360 |
| 50% AMI | $41,100 | $47,000 | $52,850 | $58,700 | $63,400 | $68,100 |
| 80% AMI | $65,750 | $75,150 | $84,550 | $93,900 | $101,450 | $108,950 |