FY2026 Fair Market Rents — Gates County
Studio
$1,489
1BR
$1,513
2BR
$1,709
3BR
$2,364
4BR
$2,794
Gates County, North Carolina
FIPS 37073 · County-level FMR and income limit data
FMR Area: Gates County, NC HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,489 | $17,868 |
| 1-Bedroom | $1,513 | $18,156 |
| 2-Bedroom | $1,709 | $20,508 |
| 3-Bedroom | $2,364 | $28,368 |
| 4-Bedroom | $2,794 | $33,528 |
To afford the FY2026 2-bedroom FMR of $1,709/mo under the 30%-of-income rule, a household needs about
$68,360/yr ($5,697/mo). Area Median Income is $83,900.
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 | $1,489 | $1,513 | $1,709 | $2,364 | $2,794 |
| FY2025 | $1,069 | $1,079 | $1,230 | $1,653 | $2,038 |
| FY2024 | $905 | $908 | $1,050 | $1,431 | $1,781 |
| FY2023 | $779 | $792 | $923 | $1,203 | $1,492 |
| FY2022 | $663 | $677 | $795 | $1,023 | $1,317 |
| FY2021 | $622 | $630 | $743 | $971 | $1,286 |
| FY2020 | $585 | $588 | $697 | $1,005 | $1,221 |
FY2026 Income Limits
Area Median Income: $83,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,650 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,000 | $35,450 | $39,900 | $44,300 | $47,850 | $51,400 |
| 80% AMI | $49,650 | $56,750 | $63,850 | $70,900 | $76,600 | $82,250 |