Charlotte-Concord-Gastonia Fair Market Rent FY 2023 Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area Rental Data

Fair Market Rent prices in Charlotte-Concord-Gastonia are very high compared to the national average. This FMR area is more expensive than 94% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Charlotte-Concord-Gastonia is $1,333 per month.

The previous year, rent for a two-bedroom home was $1,155 per month. This is a 15.41% increase year-over-year.

This FMR rate applies to Gold Hill, NC, Locust, NC, Midland, NC, Mount Pleasant, NC, Rockwell, NC, Davidson, NC, Harrisburg, NC, Kannapolis, NC, Huntersville, NC, Concord, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO16740M16740.

Additionally, This Fair Market Rent (FMR) area Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area spans one county or city in North Carolina which is listed in the table below. Estimated population of Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area FMR area is 211,605 people based on latest Census data.

Compared to the rest of North Carolina, the Charlotte-Concord-Gastonia FMR area is more expensive than 96% of the state.

Median Rent Prices in Charlotte-Concord-Gastonia

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.

50^th Percentile Rental Prices: