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

Fair Market Rent Prices in Vance County, NC :
$707 $712 $909 $1,125 $1,319
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 Vance County are low compared to the national average. This FMR area is less expensive than 64% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Vance County is $909 per month.

The previous year, rent for a two-bedroom home was $804 per month. This is a 13.06% increase year-over-year.

This FMR rate applies to Middleburg, NC, Townsville, NC, Manson, NC, Norlina, NC, Henderson, NC and other cities within the region. The Metro Code or CBSA code for this region is NCNTY37181N37181.

Additionally, This Fair Market Rent (FMR) area Vance County, NC spans one county or city in North Carolina which is listed in the table below. Estimated population of Vance County, NC FMR area is 44,614 people based on latest Census data.

Compared to the rest of North Carolina, the Vance County FMR area is less expensive than 69% 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 Vance County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Vance 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 $ 746
1-BR 1-Bedroom $ 750
2-BR 2-Bedroom $ 958
3-BR 3-Bedroom $ 1186
4-BR 4-Bedroom $ 1390
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 Vance County, NC FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Raleigh - Durham (Fayetvlle).

County / Region Est. Population
Vance County, NC 44,614
Zip Codes in Vance County, NC

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

27536, 27553, 27556, 27563 and 27584

Lookup Fair Market Rent by Zip Code

What's Next?

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