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RentData.org Logo Rowan County Fair Market Rent FY 2021 Rowan County, NC HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Rowan County, NC :
$715 $724 $891 $1,158 $1,208
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 Rowan County are high compared to the national average. This FMR area is more expensive than 78% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Rowan County is $891 per month.

The previous year, rent for a two-bedroom home was $842 per month. This is a 5.82% increase year-over-year.

This FMR rate applies to East Spencer, NC, Faith, NC, Granite Quarry, NC, Woodleaf, NC, Spencer, NC, Richfield, NC, Landis, NC, China Grove, NC, Salisbury, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO16740N37159.

Additionally, This Fair Market Rent (FMR) area Rowan County, NC HUD Metro FMR Area spans one county or city in North Carolina which is listed in the table below. Estimated population of Rowan County, NC HUD Metro FMR Area FMR area is 138,940 people based on latest Census data.

Compared to the rest of North Carolina, the Rowan County FMR area is more expensive than 79% 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 Rowan County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Rowan 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 $ 757
1-BR 1-Bedroom $ 766
2-BR 2-Bedroom $ 943
3-BR 3-Bedroom $ 1225
4-BR 4-Bedroom $ 1279
Change Year:
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Rowan County, NC HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Charlotte.

County / Region Est. Population
Rowan County, NC Metro 138,940
Zip Codes in Rowan County, NC HUD Metro FMR Area

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

27054, 28023, 28039, 28041, 28072, 28088, 28137, 28144, 28145, 28146, 28147 and 28159

Lookup Fair Market Rent by Zip Code

What's Next?

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