FY2026 Fair Market Rents — Rowan County
Studio
$952
1BR
$958
2BR
$1,196
3BR
$1,573
4BR
$2,006
Rowan County, North Carolina
FIPS 37159 · County-level FMR and income limit data
FMR Area: Rowan County, NC HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $952 | $11,424 |
| 1-Bedroom | $958 | $11,496 |
| 2-Bedroom | $1,196 | $14,352 |
| 3-Bedroom | $1,573 | $18,876 |
| 4-Bedroom | $2,006 | $24,072 |
To afford the FY2026 2-bedroom FMR of $1,196/mo under the 30%-of-income rule, a household needs about
$47,840/yr ($3,987/mo). Area Median Income is $79,000.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 127 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $952 | $958 | $1,196 | $1,573 | $2,006 |
| FY2025 | $1,044 | $1,050 | $1,285 | $1,691 | $2,158 |
| FY2024 | $925 | $931 | $1,121 | $1,483 | $1,702 |
| FY2023 | $800 | $805 | $980 | $1,270 | $1,388 |
| FY2022 | $707 | $712 | $874 | $1,144 | $1,185 |
| FY2021 | $715 | $724 | $891 | $1,158 | $1,208 |
| FY2020 | $653 | $681 | $842 | $1,111 | $1,141 |
FY2026 Income Limits
Area Median Income: $79,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,500 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,200 | $33,400 | $37,550 | $41,700 | $45,050 | $48,400 |
| 80% AMI | $46,700 | $53,400 | $60,050 | $66,700 | $72,050 | $77,400 |