FY2026 Fair Market Rents — Chatham County
Studio
$1,417
1BR
$1,507
2BR
$1,711
3BR
$2,117
4BR
$2,527
Chatham County, North Carolina
FIPS 37037 · County-level FMR and income limit data
FMR Area: Durham-Chapel Hill, NC HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,417 | $17,004 |
| 1-Bedroom | $1,507 | $18,084 |
| 2-Bedroom | $1,711 | $20,532 |
| 3-Bedroom | $2,117 | $25,404 |
| 4-Bedroom | $2,527 | $30,324 |
To afford the FY2026 2-bedroom FMR of $1,711/mo under the 30%-of-income rule, a household needs about
$68,440/yr ($5,703/mo). Area Median Income is $129,900.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 182 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,417 | $1,507 | $1,711 | $2,117 | $2,527 |
| FY2025 | $1,548 | $1,637 | $1,872 | $2,334 | $2,807 |
| FY2024 | $1,385 | $1,418 | $1,631 | $2,051 | $2,510 |
| FY2023 | $1,128 | $1,134 | $1,315 | $1,669 | $2,031 |
| FY2022 | $1,024 | $1,030 | $1,199 | $1,546 | $1,812 |
| FY2021 | $972 | $974 | $1,134 | $1,493 | $1,715 |
| FY2020 | $919 | $934 | $1,088 | $1,461 | $1,645 |
FY2026 Income Limits
Area Median Income: $129,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $26,750 | $30,550 | $34,350 | $38,150 | $41,250 | $44,360 |
| 50% AMI | $44,500 | $50,850 | $57,200 | $63,550 | $68,650 | $73,750 |
| 80% AMI | $71,200 | $81,400 | $91,550 | $101,700 | $109,850 | $118,000 |