County FMR · HUD FY2026
Pasquotank County Fair Market Rent
HUD's FY2026 Fair Market Rent for Pasquotank County, NC - 3% below the US average.
- $927
- 1-bedroom FMR
- $1,216
- 2-bedroom FMR
- +2.0%
- YoY change
- -3%
- vs US avg
The verdict
Pasquotank is the 33rd most expensive of 100 counties in North Carolina by 2-bedroom FMR; nationally it ranks #975 most expensive of 3,145 HUD counties.
- #975
- most expensive of 3,145 US counties (2BR)
- #33
- most expensive of 100 in North Carolina (2BR)
- -6%
- vs the state average
- $37,080
- income to afford it (30% rule)
Software Developers spend the smallest share of income on rent here (8.5%), while Teaching Assistants, Except Postsecondary spend the most (39.4%).
FY 2026 HUD Fair Market Rent for Pasquotank County, NC. Verify with HUD →
The Fair Market Rent for a 1-bedroom apartment in Pasquotank County, North Carolina is $927 per month in FY 2026, according to the U.S. Department of Housing and Urban Development (HUD). A 2-bedroom costs $1,216/mo and a studio is $921/mo. This is 3% lower than the national average of $959 and 6% below the North Carolina average of $981.
Rent increased2.0% from FY 2025 ($909), roughly tracking inflation. Under the 30% rule, affordability starts near $37,080/year for a 1-bedroom.
Observed renter burden: 48.9% of the 5,376 renter households counted by ACS paid at least 30% of income in gross rent. This ACS 2023 household measure is distinct from HUD's FY2026 Fair Market Rent benchmark above.
Market slack: The ACS rental vacancy rate here is 6.2%, close to the range where market rents and HUD's FMR benchmark tend to track each other.
Local labor market: The county's BLS unemployment rate has averaged 3.9% over the past 12 months, close to the typical US county range.
FY 2026 HUD Fair Market Rents in North Carolina. Population: 40,454. Population has held roughly steady over the past five years (+3.4%, Census ACS). That's in line with North Carolina's statewide growth of +4.2% over the same period.
FMR filing desk
Area PASQUOTANK·COUNTY·NC·NC
Pasquotank County, NC: $927/mo 1BR · #975 of 3145 counties (2BR) · FY2026
- FMR-AREA NC
- 1BR-FMR $927
- 2BR-FMR $1,216
- RANK-MID #975
- YOY-FLAT +2.0%
- VSUS-NEAR -3%
- VS-ST-NEAR -6% NC
- INC-ROOM 17%
- POP-SMALL 40K
- PHOTO-NEAR Wake County
- VOUCH-90-110 $834–$1,020
- FY-2026 FY2026
Photo-finish peer: Wake ($669 1BR gap)
Read with: How Fair Market Rent works
Fair Market Rents (2026)
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $903 | $921 | +$18 (+2.0%) |
| 1 Bedroom | $909 | $927 | +$18 (+2.0%) |
| 2 Bedroom | $1,192 | $1,216 | +$24 (+2.0%) |
| 3 Bedroom | $1,599 | $1,640 | +$41 (+2.6%) |
| 4 Bedroom | $1,915 | $1,899 | $-16 (-0.8%) |
Rent Burden Analysis
How much of household income goes to rent in Pasquotank County. The 30% threshold indicates cost burden.
How we calculate this
Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.
Where Pasquotank sits among every US county
2-bedroom Fair Market Rent vs. all 3,145 HUD counties
$1,216 Top 31% higher than 69% of 3,145 counties
Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026
How Pasquotank compares on 1-bedroom rent
1-bedroom FMR vs other North Carolina counties
- Wake
Wake County
$1,596 1BR FMR / mo
- Mecklenburg
Mecklenburg County
$1,538 1BR FMR / mo
- Durham
Durham County
$1,507 1BR FMR / mo
- Guilford
Guilford County
$1,213 1BR FMR / mo
- Cumberland
Cumberland County
$1,113 1BR FMR / mo
- Forsyth
Forsyth County
$1,082 1BR FMR / mo
- Pasquotank
Pasquotank County
$927 1BR FMR / mo
What this shows Pasquotank is highlighted. Nearby North Carolina counties by 1-bedroom FMR, highest to lowest: Wake County ($1,596), Mecklenburg County ($1,538), Durham County ($1,507), Guilford County ($1,213), Cumberland County ($1,113), Forsyth County ($1,082), Pasquotank County (this county) ($927).
Can Common Jobs Afford Rent Here?
How a 1-bedroom at $927/mo compares to North Carolina salaries for popular occupations (BLS wage data, 30%-of-income rule).
| Occupation | NC Salary | Rent Burden | Verdict |
|---|---|---|---|
| Software Developers | $131,000 | 8.5% | Affordable |
| General & Operations Managers | $99,190 | 11.2% | Affordable |
| Registered Nurses | $81,860 | 13.6% | Affordable |
| Accountants & Auditors | $80,490 | 13.8% | Affordable |
| Police & Sheriff's Patrol Officers | $58,030 | 19.2% | Affordable |
| Electricians | $54,070 | 20.6% | Affordable |
| Heavy & Tractor-Trailer Truck Drivers | $49,580 | 22.4% | Affordable |
| Elementary School Teachers | $49,400 | 22.5% | Affordable |
| Paralegals & Legal Assistants | $49,390 | 22.5% | Affordable |
| Pharmacy Technicians | $39,870 | 27.9% | Affordable |
| Customer Service Representatives | $39,530 | 28.1% | Affordable |
| Janitors & Cleaners | $32,630 | 34.1% | Stretched |
| Retail Salespersons | $30,090 | 37% | Stretched |
| Fast Food & Counter Workers | $28,760 | 38.7% | Stretched |
| Teaching Assistants | $28,230 | 39.4% | Stretched |
Rent Trends (2020–2026)
7-year Fair Market Rent history for Pasquotank County. Shows how HUD rental rates have changed over time.
Over the 6-year span HUD has tracked for Pasquotank (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 55.0% overall, from $598 to $927. Most of that movement was gradual except for a single sharp jump of +13.2% in FY 2024, well above this county's typical year-to-year change.
| Year | Studio | 1 BR | 2 BR |
|---|---|---|---|
| FY 2026 ↑2.0% | $921 | $927 | $1,216 |
| FY 2025 ↑12.9% | $903 | $909 | $1,192 |
| FY 2024 ↑13.2% | $717 | $805 | $1,058 |
| FY 2023 ↑6.9% | $626 | $711 | $936 |
| FY 2022 ↑6.4% | $581 | $665 | $875 |
| FY 2021 ↑4.5% | $576 | $625 | $824 |
| FY 2020 | $585 | $598 | $788 |
Part of the Elizabeth City, NC Micro Area
Pasquotank County is a central county of the Elizabeth City, NC micropolitan statistical area.
Nationwide peers by 2BR FMR & rent burden
Two PlainRent-derived comparison paths for Pasquotank County, both outside North Carolina so the link neighborhoods are not the same-state geography lattice above. Axes stay disjoint: burden peers exclude the FMR peer set.
Similar 2-bedroom FMR
Nearest HUD 2BR Fair Market Rents outside NC (FY2026).
Similar rent burden
Nearest 2BR FMR as a share of median household income (outside NC).
Nearby Counties in North Carolina
Largest counties by population in North Carolina
Showing the 8 largest of 99 other counties in North Carolina.
Frequently Asked Questions
What is the average rent in Pasquotank County?
The FY 2026 Fair Market Rent for a 1-bedroom in Pasquotank County is $927 per month. A 2-bedroom is $1,216 and a studio is $921.
How does Pasquotank County rent compare to the national average?
Rent in Pasquotank County is 3% below the national average. A 1-bedroom here costs $927 compared to $959 nationally.
Where does Pasquotank County rank nationally for Fair Market Rent?
According to HUD's FY 2026 Fair Market Rent schedule, Pasquotank County's 2-bedroom FMR of $1,216 ranks #975 most expensive among 3,145 HUD counties, placing it in the middle half of HUD counties.
What income do I need to afford rent in Pasquotank County?
Based on the 30% affordability rule, you need an annual income of at least $37,080 ($3,090/month) to afford a 1-bedroom at Fair Market Rent in Pasquotank County.
Is rent going up or down in Pasquotank County?
The 1-bedroom Fair Market Rent in Pasquotank County increased by 2.0% from FY 2025 to FY 2026, going from $909 to $927.
Which jobs can afford rent in Pasquotank County?
Based on North Carolina BLS salary data and the 30% affordability rule, jobs like Software Developers, General and Operations Managers, Registered Nurses can afford a 1-bedroom at $927/mo. 11 of 15 common occupations are affordable here.
How much has rent changed in Pasquotank County over time?
The 1-bedroom Fair Market Rent in Pasquotank County went from $598 in FY 2020 to $927 in FY 2026, a total change of +55.0% over 6 years.
How does Fair Market Rent affect Section 8 vouchers in Pasquotank County?
In Pasquotank County, the FY 2026 FMR of $927/mo for a 1-bedroom sets the baseline that local housing authorities use for Section 8 payment standards.
What does Fair Market Rent mean for Pasquotank County?
For Pasquotank County, it's the specific 40th-percentile rent HUD publishes each year ($927/mo for a 1-bedroom in FY 2026).
Is the rental market tight or loose in Pasquotank County?
The ACS rental vacancy rate here is 6.2%, close to the range where market rents and HUD's FMR benchmark tend to track each other.
What is the unemployment rate in Pasquotank County?
The county's BLS unemployment rate has averaged 3.9% over the past 12 months, close to the typical US county range.
Data sources
What this means for renters
Treat Pasquotank's FY2026 Fair Market Rent as HUD's affordability benchmark, not a single market quote.
- Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $927 implies about $37,080/yr to rent without being cost-burdened. Run your numbers
- North Carolina counties vary widely around this figure - compare specific counties before assuming this applies to yours. Compare vs Wake
- See where Pasquotank ranks nationally on rent. National rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents can run higher or lower, and HUD updates FMRs once a year. This site is informational and not financial or relocation advice.
Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.