Craven County, NC HUD Metro FMR Area Fair Market Rent

What these rents mean for the Craven County, NC HUD Metro FMR Area metro

HUD's FY 2025 Fair Market Rent schedule sets the Craven County, NC HUD Metro FMR Area Metro Area (CBSA 35100) 1-bedroom at $1,002, with a studio at $996, 2-bedroom at $1,315, 3-bedroom at $1,767, and 4-bedroom at $2,208. These are the 40th percentile of gross rents, utilities included, excluding telephone, meaning roughly 60% of standard-quality rentals in the metro cost more. Because HUD treats a metropolitan statistical area as a single rent market, every county inside the Craven County, NC HUD Metro FMR Area CBSA shares these FMR figures, and local housing authorities use them to set Section 8 Housing Choice Voucher payment standards (typically between 90% and 110% of FMR).

Against the national benchmark, a 1-bedroom in Craven County, NC HUD Metro FMR Area is 4% above the US 1-bedroom FMR of $959. Year-over-year the 1-bedroom FMR shifted from $1,002 in FY 2024 to $1,002 in FY 2025 - a change of +0.0%, which tracks roughly with broader price growth. Metro-level FMRs often diverge from the rents listed for any single suburb, so renters should view this as the HUD ceiling, not a street-level market rate.

For affordability, the 30% rule says rent should not exceed 30% of gross household income. At the FY 2025 1-bedroom FMR of $1,002, that implies a household income of $40,080 per year (about $3,340/month) - a 2-bedroom at $1,315 raises that income floor further. The gap between FMR and local wages determines how many households qualify as rent-burdened (paying more than 30% of income) or severely burdened (above 50%). Metro FMR also anchors the Small Area FMR program, which sets ZIP-level payment standards in designated metros to expand voucher choice into higher-opportunity neighborhoods.