FY2026 Fair Market Rents — Caldwell County
Studio
$858
1BR
$908
2BR
$1,095
3BR
$1,372
4BR
$1,660
Caldwell County, North Carolina
FIPS 37027 · County-level FMR and income limit data
FMR Area: Hickory-Lenoir-Morganton, NC MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $858 | $10,296 |
| 1-Bedroom | $908 | $10,896 |
| 2-Bedroom | $1,095 | $13,140 |
| 3-Bedroom | $1,372 | $16,464 |
| 4-Bedroom | $1,660 | $19,920 |
To afford the FY2026 2-bedroom FMR of $1,095/mo under the 30%-of-income rule, a household needs about
$43,800/yr ($3,650/mo). Area Median Income is $85,200.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 117 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $858 | $908 | $1,095 | $1,372 | $1,660 |
| FY2025 | $818 | $851 | $1,046 | $1,334 | $1,567 |
| FY2024 | $806 | $834 | $1,014 | $1,314 | $1,506 |
| FY2023 | $646 | $650 | $791 | $1,033 | $1,179 |
| FY2022 | $589 | $592 | $724 | $943 | $1,085 |
| FY2021 | $557 | $560 | $693 | $899 | $1,029 |
| FY2020 | $569 | $573 | $712 | $918 | $1,035 |
FY2026 Income Limits
Area Median Income: $85,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,900 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,850 | $34,100 | $38,350 | $42,600 | $46,050 | $49,450 |
| 80% AMI | $47,750 | $54,550 | $61,350 | $68,150 | $73,650 | $79,100 |