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RentData.org Logo Durham-Chapel Hill Fair Market Rent FY 2016 Durham-Chapel Hill, NC HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Durham-Chapel Hill, NC :
$639 $796 $937 $1,262 $1,405
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Durham-Chapel Hill are very high compared to the national average. This FMR area is more expensive than 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Durham-Chapel Hill is $937 per month.

The previous year, rent for a two-bedroom home was $874 per month. This is a 7.21% increase year-over-year.

This FMR rate applies to Bonlee, NC, Gulf, NC, Bennett, NC, Goldston, NC, New Hill, NC, Moncure, NC, Staley, NC, Bear Creek, NC, Robbins, NC, Pittsboro, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO20500M20500.

Additionally, This Fair Market Rent (FMR) area Durham-Chapel Hill, NC HUD Metro FMR Area spans one county or city in North Carolina which is listed in the table below. Estimated population of Durham-Chapel Hill, NC HUD Metro FMR Area FMR area is 63,505 people based on latest Census data.

Compared to the rest of North Carolina, the Durham-Chapel Hill FMR area is more expensive than 95% 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 Durham-Chapel Hill. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Durham-Chapel Hill

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 $ 684
1-BR 1-Bedroom $ 852
2-BR 2-Bedroom $ 1003
3-BR 3-Bedroom $ 1350
4-BR 4-Bedroom $ 1504
Change Year:
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 Durham-Chapel Hill, NC HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Raleigh - Durham (Fayetvlle) and Greensboro - H. Point - W. Salem.

County / Region Est. Population
Durham-Chapel Hill, NC Metro 63,505
Zip Codes in Durham-Chapel Hill, NC HUD Metro FMR Area

There are 19 unique zip codes in this Fair Market Rent (FMR) area:

27207, 27208, 27213, 27252, 27256, 27312, 27325, 27330, 27332, 27355, 27502, 27516, 27517, 27519, 27523, 27540, 27559, 27562 and 27713

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What's Next?

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