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FY 2022 Final State Minimum Rent Calculation for North Carolina

For Final FY 2022, State Minimum rents are based on the lower of the population-weighted median state nonmetropolitan unadjusted 2-bedroom FMR, or the population-weighted median U.S. nonmetropolitan unadjusted 2-bedroom FMR.

State Nonmetropolitan Median FMR

The table below illustrates how the population-weighted median state nonmetropolitan unadjusted 2-bedroom FMR is derived for North Carolina. The population-weighted median unadjusted nonmetropolitan 2-bedroom FMR for a state is the 2-bedroom FMR where half of a state's nonmetropolitan population lives in counties with the same or lower 2-bedroom FMRs, and half of the nonmetropolitan population lives in counties with the same or higher 2-bedroom FMRs. The nonmetropolitan population of North Carolina is 1,981,445, and half of the nonmetropolitan population of North Carolina is 990,723.

In the table below, the unadjusted 2-bedroom FMRs for the nonmetropolitan counties of North Carolina are arranged in ascending order, and the cumulative population of the counties at each FMR is listed in the last column. The median unadjusted nonmetropolitan 2-bedroom FMR is the first FMR listed in the table where the cumulative population of counties with that FMR or less first exceeds one-half of the nonmetropolitan population, or 990,723. The row of the table containing the median unadjusted nonmetropolitan 2-bedroom FMR is in bold.

Unadjusted 2-Bedroom FMR County or Counties with Specified Unadjusted 2-Bedroom FMR Aggregate Population at Specified Unadjusted 2-Bedroom FMR Cumulative Nonmetro Population
$583 Caswell County 22,835 22,835
$640 Montgomery County 27,445 50,280
$641 Warren County 20,190 70,470
$647 Swain County 14,210 84,680
$648 Richmond County 45,445 130,125
$651 Washington County 12,330 142,455
$654 Sampson County 63,665 206,120
$660 Surry County 72,315 278,435
$661 Martin County 23,225 301,660
$662 Rutherford County 66,525 368,185
$663 Bladen County 34,130 402,315
$667 Ashe County, Robeson County 161,020 563,335
$668 Bertie County, Wilkes County 88,440 651,775
$669 Greene County 21,060 672,835
$678 Columbus County 56,590 729,425
$694 McDowell County 45,070 774,495
$697 Mitchell County 15,155 789,650
$699 Graham County 8,605 798,255
$715 Yancey County 17,605 815,860
$717 Cleveland County 97,040 912,900
$718 Scotland County 35,445 948,345
$724 Beaufort County 47,315 995,660
$726 Jackson County 41,725 1,037,385
$737 Duplin County 59,350 1,096,735
$738 Alleghany County 10,935 1,107,670
$739 Hyde County 5,505 1,113,175
$741 Vance County 44,420 1,157,595
$747 Stanly County 60,875 1,218,470
$757 Northampton County 20,425 1,238,895
$760 Lenoir County 57,935 1,296,830
$767 Cherokee County 27,465 1,324,295
$800 Tyrrell County 4,090 1,328,385
$811 Macon County 34,160 1,362,545
$813 Halifax County 52,300 1,414,845
$820 Hertford County 24,260 1,439,105
$821 Clay County 10,755 1,449,860
$823 Polk County, Wilson County 101,815 1,551,675
$824 Lee County 59,805 1,611,480
$848 Moore County 94,190 1,705,670
$854 Avery County 17,535 1,723,205
$857 Chowan County 14,370 1,737,575
$862 Perquimans County 13,505 1,751,080
$875 Pasquotank County 39,545 1,790,625
$913 Watauga County 53,420 1,844,045
$916 Carteret County 68,700 1,912,745
$935 Transylvania County 33,290 1,946,035
$1,054 Dare County 35,410 1,981,445

State Minimum Rent Determination

The North Carolina State Nonmetropolitan Median FMR is $724. Because it not greater than the U.S. Nonmetropolitan Median FMR of $757, the North Carolina State Minimum 2-Bedroom FMR is set at $724.

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