FY2026 Fair Market Rents — Lenoir County
Studio
$727
1BR
$732
2BR
$925
3BR
$1,241
4BR
$1,441
Lenoir County, North Carolina
FIPS 37107 · County-level FMR and income limit data
FMR Area: Lenoir County, NC
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $727 | $8,724 |
| 1-Bedroom | $732 | $8,784 |
| 2-Bedroom | $925 | $11,100 |
| 3-Bedroom | $1,241 | $14,892 |
| 4-Bedroom | $1,441 | $17,292 |
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 $65,100.
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 | $727 | $732 | $925 | $1,241 | $1,441 |
| FY2025 | $735 | $740 | $930 | $1,300 | $1,497 |
| FY2024 | $650 | $654 | $856 | $1,206 | $1,376 |
| FY2023 | $582 | $586 | $771 | $1,063 | $1,226 |
| FY2022 | $505 | $578 | $760 | $1,025 | $1,201 |
| FY2021 | $515 | $567 | $747 | $1,005 | $1,217 |
| FY2020 | $505 | $547 | $720 | $980 | $1,220 |
FY2026 Income Limits
Area Median Income: $65,100
| 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 |