FY2026 Fair Market Rents — Pasquotank County
Studio
$921
1BR
$927
2BR
$1,216
3BR
$1,640
4BR
$1,899
Pasquotank County, North Carolina
FIPS 37139 · County-level FMR and income limit data
FMR Area: Pasquotank County, NC
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $921 | $11,052 |
| 1-Bedroom | $927 | $11,124 |
| 2-Bedroom | $1,216 | $14,592 |
| 3-Bedroom | $1,640 | $19,680 |
| 4-Bedroom | $1,899 | $22,788 |
To afford the FY2026 2-bedroom FMR of $1,216/mo under the 30%-of-income rule, a household needs about
$48,640/yr ($4,053/mo). Area Median Income is $84,300.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 130 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $921 | $927 | $1,216 | $1,640 | $1,899 |
| FY2025 | $903 | $909 | $1,192 | $1,599 | $1,915 |
| FY2024 | $717 | $805 | $1,058 | $1,454 | $1,749 |
| FY2023 | $626 | $711 | $936 | $1,311 | $1,528 |
| FY2022 | $581 | $665 | $875 | $1,234 | $1,384 |
| FY2021 | $576 | $625 | $824 | $1,179 | $1,290 |
| FY2020 | $585 | $598 | $788 | $1,137 | $1,237 |
FY2026 Income Limits
Area Median Income: $84,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,750 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,550 | $33,750 | $37,950 | $42,150 | $45,550 | $48,900 |
| 80% AMI | $47,250 | $54,000 | $60,750 | $67,450 | $72,850 | $78,250 |