FY2026 Fair Market Rents — New Hanover County
Studio
$1,144
1BR
$1,513
2BR
$1,659
3BR
$2,178
4BR
$2,319
New Hanover County, North Carolina
FIPS 37129 · County-level FMR and income limit data
FMR Area: Wilmington, NC HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,144 | $13,728 |
| 1-Bedroom | $1,513 | $18,156 |
| 2-Bedroom | $1,659 | $19,908 |
| 3-Bedroom | $2,178 | $26,136 |
| 4-Bedroom | $2,319 | $27,828 |
To afford the FY2026 2-bedroom FMR of $1,659/mo under the 30%-of-income rule, a household needs about
$66,360/yr ($5,530/mo). Area Median Income is $109,200.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 177 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,144 | $1,513 | $1,659 | $2,178 | $2,319 |
| FY2025 | $1,083 | $1,427 | $1,580 | $2,087 | $2,485 |
| FY2024 | $1,027 | $1,349 | $1,515 | $2,002 | $2,561 |
| FY2023 | $853 | $1,108 | $1,259 | $1,669 | $2,145 |
| FY2022 | $814 | $988 | $1,164 | $1,545 | $1,992 |
| FY2021 | $754 | $873 | $1,069 | $1,449 | $1,841 |
| FY2020 | $675 | $776 | $966 | $1,330 | $1,630 |
FY2026 Income Limits
Area Median Income: $109,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,950 | $26,200 | $29,500 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $38,250 | $43,700 | $49,150 | $54,600 | $59,000 | $63,350 |
| 80% AMI | $61,150 | $69,900 | $78,650 | $87,350 | $94,350 | $101,350 |