FY2026 Fair Market Rents — Vance County
Studio
$738
1BR
$743
2BR
$975
3BR
$1,197
4BR
$1,318
Vance County, North Carolina
FIPS 37181 · County-level FMR and income limit data
FMR Area: Vance County, NC
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $738 | $8,856 |
| 1-Bedroom | $743 | $8,916 |
| 2-Bedroom | $975 | $11,700 |
| 3-Bedroom | $1,197 | $14,364 |
| 4-Bedroom | $1,318 | $15,816 |
To afford the FY2026 2-bedroom FMR of $975/mo under the 30%-of-income rule, a household needs about
$39,000/yr ($3,250/mo). Area Median Income is $67,800.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 104 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $738 | $743 | $975 | $1,197 | $1,318 |
| FY2025 | $774 | $779 | $1,022 | $1,250 | $1,388 |
| FY2024 | $707 | $712 | $909 | $1,125 | $1,319 |
| FY2023 | $644 | $648 | $804 | $1,040 | $1,235 |
| FY2022 | $631 | $640 | $741 | $1,006 | $1,175 |
| FY2021 | $540 | $608 | $693 | $979 | $1,113 |
| FY2020 | $469 | $589 | $671 | $947 | $1,070 |
FY2026 Income Limits
Area Median Income: $67,800
| 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 |