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RentData.org Logo Burlington Fair Market Rent FY 2023 Burlington, NC MSA Rental Data

Fair Market Rent Prices in Burlington, NC :
$714 $837 $1,023 $1,285 $1,390
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Burlington are high compared to the national average. This FMR area is more expensive than 77% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Burlington is $1,023 per month.

The previous year, rent for a two-bedroom home was $891 per month. This is a 14.81% increase year-over-year.

This FMR rate applies to Alamance, NC, Altamahaw, NC, Swepsonville, NC, Saxapahaw, NC, Snow Camp, NC, Haw River, NC, Liberty, NC, Elon, NC, Gibsonville, NC, Siler City, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO15500M15500.

Additionally, This Fair Market Rent (FMR) area Burlington, NC MSA spans one county or city in North Carolina which is listed in the table below. Estimated population of Burlington, NC MSA FMR area is 166,144 people based on latest Census data.

Compared to the rest of North Carolina, the Burlington FMR area is more expensive than 71% of the state.

North Carolina Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Burlington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Burlington

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 758
1-BR 1-Bedroom $ 888
2-BR 2-Bedroom $ 1086
3-BR 3-Bedroom $ 1365
4-BR 4-Bedroom $ 1476
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Burlington, NC MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Greensboro - H. Point - W. Salem and Raleigh - Durham (Fayetvlle).

County / Region Est. Population
Burlington, NC Metro 166,144
Zip Codes in Burlington, NC MSA

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

27201, 27202, 27215, 27216, 27217, 27244, 27249, 27253, 27258, 27298, 27302, 27340, 27344, 27349 and 27359

Lookup Fair Market Rent by Zip Code

What's Next?

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