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FY 2025 FINAL State Minimum Rent Calculation for North Carolina

For FINAL FY 2025, 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 1,923,925, and half of the nonmetropolitan population of North Carolina is 961,963.

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 961,963. 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
$735 Graham County 8,045 8,045
$757 Montgomery County 25,840 33,885
$820 Caswell County 22,745 56,630
$822 Richmond County 43,150 99,780
$825 Tyrrell County 3,390 103,170
$829 Wilkes County 66,125 169,295
$831 Scotland County 34,220 203,515
$842 Bladen County 29,805 233,320
$844 Swain County 14,130 247,450
$862 Rutherford County 64,680 312,130
$865 Ashe County 26,760 338,890
$872 Robeson County 117,575 456,465
$873 Warren County 18,805 475,270
$879 McDowell County 44,630 519,900
$881 Surry County 71,430 591,330
$882 Greene County 20,405 611,735
$907 Washington County 11,050 622,785
$909 Lenoir County 55,070 677,855
$916 Martin County 21,990 699,845
$917 Mitchell County 14,990 714,835
$921 Cleveland County 99,525 814,360
$924 Sampson County 59,315 873,675
$925 Yancey County 18,540 892,215
$929 Beaufort County 44,710 936,925
$930 Halifax County 48,770 985,695
$938 Columbus County 50,825 1,036,520
$943 Cherokee County 28,870 1,065,390
$947 Alleghany County 10,990 1,076,380
$956 Hyde County 4,635 1,081,015
$961 Jackson County 42,390 1,123,405
$976 Duplin County 49,310 1,172,715
$980 Stanly County 62,725 1,235,440
$994 Perquimans County 13,055 1,248,495
$995 Hertford County 21,635 1,270,130
$1,006 Wilson County 78,665 1,348,795
$1,020 Clay County 11,185 1,359,980
$1,022 Macon County, Vance County 79,580 1,439,560
$1,026 Northampton County 17,530 1,457,090
$1,046 Polk County 19,540 1,476,630
$1,052 Bertie County 17,820 1,494,450
$1,054 Avery County 17,680 1,512,130
$1,128 Chowan County 13,835 1,525,965
$1,135 Moore County 100,760 1,626,725
$1,150 Transylvania County 33,130 1,659,855
$1,172 Lee County 63,560 1,723,415
$1,192 Pasquotank County 40,455 1,763,870
$1,219 Carteret County 68,355 1,832,225
$1,274 Watauga County 54,540 1,886,765
$1,411 Dare County 37,160 1,923,925

State Minimum Rent Determination

The North Carolina State Nonmetropolitan Median FMR is $930. Because it not greater than the U.S. Nonmetropolitan Median FMR of $933, the North Carolina State Minimum 2-Bedroom FMR is set at $930.

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