FY2026 Fair Market Rents — Transylvania County
Studio
$1,032
1BR
$1,039
2BR
$1,363
3BR
$1,634
4BR
$2,048
Transylvania County, North Carolina
FIPS 37175 · County-level FMR and income limit data
FMR Area: Transylvania County, NC
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,032 | $12,384 |
| 1-Bedroom | $1,039 | $12,468 |
| 2-Bedroom | $1,363 | $16,356 |
| 3-Bedroom | $1,634 | $19,608 |
| 4-Bedroom | $2,048 | $24,576 |
To afford the FY2026 2-bedroom FMR of $1,363/mo under the 30%-of-income rule, a household needs about
$54,520/yr ($4,543/mo). Area Median Income is $89,000.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 145 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,032 | $1,039 | $1,363 | $1,634 | $2,048 |
| FY2025 | $871 | $877 | $1,150 | $1,386 | $1,729 |
| FY2024 | $853 | $858 | $1,128 | $1,364 | $1,738 |
| FY2023 | $751 | $756 | $995 | $1,211 | $1,530 |
| FY2022 | $706 | $711 | $935 | $1,156 | $1,364 |
| FY2021 | $532 | $536 | $706 | $897 | $1,054 |
| FY2020 | $567 | $570 | $681 | $867 | $976 |
FY2026 Income Limits
Area Median Income: $89,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,700 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,150 | $35,600 | $40,050 | $44,500 | $48,100 | $51,650 |
| 80% AMI | $49,850 | $57,000 | $64,100 | $71,200 | $76,900 | $82,600 |