FY2026 Fair Market Rents — Dare County
Studio
$1,120
1BR
$1,305
2BR
$1,430
3BR
$1,821
4BR
$1,893
Dare County, North Carolina
FIPS 37055 · County-level FMR and income limit data
FMR Area: Dare County, NC
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,120 | $13,440 |
| 1-Bedroom | $1,305 | $15,660 |
| 2-Bedroom | $1,430 | $17,160 |
| 3-Bedroom | $1,821 | $21,852 |
| 4-Bedroom | $1,893 | $22,716 |
To afford the FY2026 2-bedroom FMR of $1,430/mo under the 30%-of-income rule, a household needs about
$57,200/yr ($4,767/mo). Area Median Income is $116,900.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 152 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,120 | $1,305 | $1,430 | $1,821 | $1,893 |
| FY2025 | $1,090 | $1,269 | $1,411 | $1,874 | $1,922 |
| FY2024 | $1,000 | $1,137 | $1,280 | $1,736 | $1,800 |
| FY2023 | $915 | $982 | $1,151 | $1,571 | $1,726 |
| FY2022 | $866 | $895 | $1,054 | $1,415 | $1,658 |
| FY2021 | $837 | $852 | $976 | $1,347 | $1,594 |
| FY2020 | $785 | $790 | $937 | $1,333 | $1,555 |
FY2026 Income Limits
Area Median Income: $116,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $23,150 | $26,450 | $29,750 | $33,050 | $38,680 | $44,360 |
| 50% AMI | $38,600 | $44,050 | $49,600 | $55,100 | $59,550 | $63,950 |
| 80% AMI | $61,750 | $70,550 | $79,350 | $88,150 | $95,250 | $102,300 |