FY2026 Fair Market Rents — Cherokee County
Studio
$645
1BR
$713
2BR
$935
3BR
$1,290
4BR
$1,497
Cherokee County, North Carolina
FIPS 37039 · County-level FMR and income limit data
FMR Area: Cherokee County, NC
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $645 | $7,740 |
| 1-Bedroom | $713 | $8,556 |
| 2-Bedroom | $935 | $11,220 |
| 3-Bedroom | $1,290 | $15,480 |
| 4-Bedroom | $1,497 | $17,964 |
To afford the FY2026 2-bedroom FMR of $935/mo under the 30%-of-income rule, a household needs about
$37,400/yr ($3,117/mo). Area Median Income is $73,900.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 100 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $645 | $713 | $935 | $1,290 | $1,497 |
| FY2025 | $714 | $719 | $943 | $1,316 | $1,482 |
| FY2024 | $659 | $664 | $872 | $1,214 | $1,382 |
| FY2023 | $613 | $617 | $812 | $1,093 | $1,229 |
| FY2022 | $579 | $583 | $767 | $1,000 | $1,151 |
| FY2021 | $545 | $548 | $715 | $946 | $1,147 |
| FY2020 | $513 | $516 | $680 | $912 | $1,082 |
FY2026 Income Limits
Area Median Income: $73,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,450 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,450 | $31,350 | $35,250 | $39,150 | $42,300 | $45,450 |
| 80% AMI | $43,900 | $50,150 | $56,400 | $62,650 | $67,700 | $72,700 |