FY2026 Fair Market Rents — Iredell County
Studio
$1,167
1BR
$1,222
2BR
$1,340
3BR
$1,809
4BR
$2,248
Iredell County, North Carolina
FIPS 37097 · County-level FMR and income limit data
FMR Area: Iredell County, NC HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,167 | $14,004 |
| 1-Bedroom | $1,222 | $14,664 |
| 2-Bedroom | $1,340 | $16,080 |
| 3-Bedroom | $1,809 | $21,708 |
| 4-Bedroom | $2,248 | $26,976 |
To afford the FY2026 2-bedroom FMR of $1,340/mo under the 30%-of-income rule, a household needs about
$53,600/yr ($4,467/mo). Area Median Income is $107,300.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 143 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,167 | $1,222 | $1,340 | $1,809 | $2,248 |
| FY2025 | $1,206 | $1,253 | $1,387 | $1,908 | $2,329 |
| FY2024 | $1,046 | $1,075 | $1,207 | $1,652 | $2,048 |
| FY2023 | $896 | $915 | $1,034 | $1,395 | $1,761 |
| FY2022 | $798 | $812 | $925 | $1,232 | $1,583 |
| FY2021 | $791 | $810 | $923 | $1,244 | $1,582 |
| FY2020 | $748 | $770 | $876 | $1,170 | $1,538 |
FY2026 Income Limits
Area Median Income: $107,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,550 | $25,800 | $29,000 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,600 | $42,950 | $48,300 | $53,650 | $57,950 | $62,250 |
| 80% AMI | $60,100 | $68,700 | $77,300 | $85,850 | $92,750 | $99,600 |