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RentData.org Logo Cherokee County Fair Market Rent FY 2024 Cherokee County, NC Rental Data

Fair Market Rent Prices in Cherokee County, NC :
$659 $664 $872 $1,214 $1,382
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Cherokee County are low compared to the national average. This FMR area is less expensive than 63% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Cherokee County is $872 per month.

The previous year, rent for a two-bedroom home was $812 per month. This is a 7.39% increase year-over-year.

This FMR rate applies to Culberson, NC, Brasstown, NC, Marble, NC, Andrews, NC, Murphy, NC and other cities within the region. The Metro Code or CBSA code for this region is NCNTY37039N37039.

Additionally, This Fair Market Rent (FMR) area Cherokee County, NC spans one county or city in North Carolina which is listed in the table below. Estimated population of Cherokee County, NC FMR area is 28,413 people based on latest Census data.

Compared to the rest of North Carolina, the Cherokee County FMR area is less expensive than 68% of the state.

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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 Cherokee County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Cherokee County

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 $ 721
1-BR 1-Bedroom $ 725
2-BR 2-Bedroom $ 953
3-BR 3-Bedroom $ 1327
4-BR 4-Bedroom $ 1510
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 Cherokee County, NC FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Chattanooga and Atlanta.

County / Region Est. Population
Cherokee County, NC 28,413
Zip Codes in Cherokee County, NC

There are 5 unique zip codes in this Fair Market Rent (FMR) area:

28901, 28902, 28903, 28905 and 28906

Lookup Fair Market Rent by Zip Code

What's Next?

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