RentData.org

RentData.org Logo Hickory-Lenoir-Morganton Fair Market Rent FY 2024 Hickory-Lenoir-Morganton, NC MSA Rental Data

Fair Market Rent Prices in Hickory-Lenoir-Morganton, NC :
$806 $834 $1,014 $1,314 $1,506
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 Hickory-Lenoir-Morganton are average compared to the national average. This FMR area is more expensive than 70% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Hickory-Lenoir-Morganton is $1,014 per month.

The previous year, rent for a two-bedroom home was $791 per month. This is a 28.19% increase year-over-year.

This FMR rate applies to Union Grove, NC, Moravian Falls, NC, Stony Point, NC, Hiddenite, NC, Granite Falls, NC, Taylorsville, NC, Statesville, NC, Hickory, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO25860M25860.

Additionally, This Fair Market Rent (FMR) area Hickory-Lenoir-Morganton, NC MSA spans one county or city in North Carolina which is listed in the table below. Estimated population of Hickory-Lenoir-Morganton, NC MSA FMR area is 37,271 people based on latest Census data.

Compared to the rest of North Carolina, the Hickory-Lenoir-Morganton FMR area is more expensive than 58% of the state.

North Carolina Rents Map

Click on the map to view more another region.

See Nationwide Map

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 Hickory-Lenoir-Morganton. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Hickory-Lenoir-Morganton

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 $ 862
1-BR 1-Bedroom $ 891
2-BR 2-Bedroom $ 1084
3-BR 3-Bedroom $ 1404
4-BR 4-Bedroom $ 1610
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 Hickory-Lenoir-Morganton, NC MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Charlotte and Greensboro - H. Point - W. Salem.

County / Region Est. Population
Hickory-Lenoir-Morganton, NC Metro 37,271
Zip Codes in Hickory-Lenoir-Morganton, NC MSA

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

28601, 28625, 28630, 28636, 28654, 28678, 28681 and 28689

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

Top