FY2026 Fair Market Rents — Cleveland County
Studio
$758
1BR
$763
2BR
$925
3BR
$1,286
4BR
$1,322
Cleveland County, North Carolina
FIPS 37045 · County-level FMR and income limit data
FMR Area: Cleveland County, NC
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $758 | $9,096 |
| 1-Bedroom | $763 | $9,156 |
| 2-Bedroom | $925 | $11,100 |
| 3-Bedroom | $1,286 | $15,432 |
| 4-Bedroom | $1,322 | $15,864 |
To afford the FY2026 2-bedroom FMR of $925/mo under the 30%-of-income rule, a household needs about
$37,000/yr ($3,083/mo). Area Median Income is $82,800.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 99 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $758 | $763 | $925 | $1,286 | $1,322 |
| FY2025 | $705 | $709 | $930 | $1,303 | $1,397 |
| FY2024 | $652 | $656 | $856 | $1,206 | $1,349 |
| FY2023 | $582 | $586 | $771 | $1,069 | $1,245 |
| FY2022 | $504 | $550 | $724 | $976 | $1,160 |
| FY2021 | $494 | $545 | $693 | $919 | $1,126 |
| FY2020 | $496 | $559 | $673 | $876 | $1,106 |
FY2026 Income Limits
Area Median Income: $82,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,400 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,000 | $33,150 | $37,300 | $41,400 | $44,750 | $48,050 |
| 80% AMI | $46,400 | $53,000 | $59,650 | $66,250 | $71,550 | $76,850 |