Raleigh-Cary Fair Market Rent 2026
HUD Fair Market Rent data for the Raleigh-Cary metropolitan area. Median household income: $70,678/year. Vacancy rate: 3.3%.
2BR FMR
$1,097/mo
Median Income
$70,678
Vacancy Rate
3.3%
Rent Burden
18.6%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $70,678/year can afford up to $1,767/mo in rent.
The 2BR FMR of $1,097/mo represents 18.6% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 3.3% in Raleigh-Cary indicates a tight rental market. Low vacancy means more competition for available units and potential upward pressure on rents.
Frequently Asked Questions
What is the average rent in Raleigh-Cary?
The 2026 HUD FMR for a 2-bedroom in the Raleigh-Cary metro area is $1,097/month. 1BR: $928, 3BR: $1,435.
What is the vacancy rate in Raleigh-Cary?
The rental vacancy rate in Raleigh-Cary is 3.3%. A rate below 5% typically indicates a tight rental market.
Is Raleigh-Cary affordable for renters?
With a median income of $70,678 and 2BR rent at $1,097/mo, rent takes about 19% of income in Raleigh-Cary.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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