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As rents climb, where are the most expensive, least expensive locations in NC?

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As rents climb, where are the most expensive, least expensive locations in NC?


In the past five years, Fair Market Rent for Asheville has skyrocketed. The estimated rent for a one-bedroom apartment has increased by 78% and has made the mountainous metropolitan area’s cost of housing as the highest in North Carolina.

Yet, Asheville is not the only North Carolina city facing steep rent increases, as well as the rapidly rising cost of homeownership. The Raleigh and Charlotte metros both saw increases of 54% in Fair Market Rent for a one-bedroom apartment, according to estimates from the U.S. Department of Housing and Urban Development.

Here’s a breakdown of where some of the most and least expensive areas to rent in North Carolina are.

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Most expensive areas to live in? Metros and tourist towns.

Perhaps a no-brainer, North Carolina metros and tourist towns are the most expensive to live in. Asheville’s Metropolitan Statistical Area tops that list in every metric — meaning the area is estimated to be the most expensive from those looking for efficiency apartments to those looking to rent a four-bedroom house.

Yet, there are other areas which are just as expensive in certain metrics. Here are the most expensive metros North Carolina if you are looking for a two-bedroom apartment:

  • Asheville (Asheville, Henderson, Madison counties): $1,680 a month.
  • Raleigh (Franklin, Johnston, Wake counties): $1,646 a month.
  • Durham-Chapel Hill (Chatham, Durham, Orange counties): $1,631 a month.
  • Charlotte (Cabarrus, Gaston, Mecklenburg, Union counties): $1,554 a month.
  • Wilmington (New Hanover County): $1,515

Least expensive counties for families?

As for those looking for a place that is more affordable, you may have to look outside of population centers — in some cases, a fair distance away from one. Of North Carolina’s 100 counties, 26 of them have the lowest estimate of $856 a month for a two bedroom.

For North Carolina families, a few counties halve the cost of Asheville’s FMR for three-bedroom units. Here are the 10 least expensive counties for those looking to rent three-bedrooms in North Carolina:

  • Columbus County: $1,035
  • Washington County: $1,035
  • Alleghany County: $1,041
  • Surry County: $1,053
  • Mitchell County: $1,053
  • McDowell County: $1,059
  • Halifax County: $1,070
  • Sampson County: $1,074
  • Robeson County: $1,081
  • Warren County: $1,089

Families moving to a new city? What do zip codes say?

Especially if you are moving for a new job or looking to relocate to work at one of the several major UNC System universities, you are likely to wind up searching for housing in a metro area.

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During that search, there is a high chance you may stumble across certain areas of major cities that are more expensive than others — you might even be able to tell a difference based on where you look.

A few of these areas include a major tourist beach town and an area just outside of Asheville that has some of Western North Carolina’s most expensive mountaintop mansions. According to HUD, the homes and apartments in the following areas are the most expensive to rent out in North Carolina:

  • 28480, near Wrightsville Beach: $3,000
  • 28075, near Harrisburg and just outside of Charlotte: $2,900
  • 28203, or in Charlotte’s South End Neighborhood: $2,900
  • 28803, or Biltmore Forest: $2,760
  • 28202, or Downtown Charlotte: $2,730

What is ‘Fair Market Rent?’

All of this data was sourced from the U.S. Housing and Urban Development website estimates for FMR for 2024.

Fair Market Rent, or FMR, estimates are produced by the U.S. Department of Housing and Urban Development and local public housing authorities. The number indicates how much it costs to rent a moderately-priced dwelling unit and determine payment standards for the Housing Choice Voucher program.

The number is calculated by taking the 40th percentile of gross rents for typical, non-substandard rental units occupied by recent movers, according to HUD. That means an area’s Fair Market Rent reflects that 40% of rental units cost as much or less than the estimated Fair Market Rent.

You can learn more about how Fair Market Rent is calculated at: https://www.huduser.gov/portal/datasets/fmr.html.

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More: The historic Flat Iron building to reopen as boutique hotel, reservations now open

More: Global electronic musical instrument maker Moog changing Asheville offices; former CT site

Will Hofmann is the Growth and Development Reporter for the Asheville Citizen Times, part of the USA Today Network. Got a tip? Email him at WHofmann@citizentimes.com.



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North Carolina

A town in western North Carolina is returning land to the Eastern Band of Cherokee Indians

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A town in western North Carolina is returning land to the Eastern Band of Cherokee Indians


An important cultural site is close to being returned to the Eastern Band of Cherokee Indians after a city council in North Carolina voted unanimously Monday to return the land.

The Noquisiyi Mound in Franklin, North Carolina, was part of a Cherokee mother town hundreds of years before the founding of the United States, and it is a place of deep spiritual significance to the Cherokee people. But for about 200 years it was either in the hands of private owners or the town.

“When you think about the importance of not just our history but those cultural and traditional areas where we practice all the things we believe in, they should be in the hands of the tribe they belong to,” said Michell Hicks, principal chief of the Eastern Band of Cherokee Indians. “It’s a decision that we’re very thankful to the town of Franklin for understanding.”

Noquisiyi is the largest unexcavated mound in the Southeast, said Elaine Eisenbraun, executive director of Noquisiyi Intitative, the nonprofit that has managed the site since 2019. Eisenbraun, who worked alongside the town’s mayor for several years on the return, said the next step is for the tribal council to agree to take control, which will initiate the legal process of transferring the title.

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CHEROKEE CHIEF SIGNS ORDINANCE FOR FIRST OFFICIAL DEER SEASON ON TRIBAL LANDS

“It’s a big deal for Cherokees to get our piece of our ancestral territory back in general,” said Angelina Jumper, a citizen of the tribe and a Noquisiyi Initiative board member who spoke at Monday’s city council meeting. “But when you talk about a mound site like that, that has so much significance and is still standing as high as it was two or three hundred years ago when it was taken, that kind of just holds a level of gravity that I just have no words for.”

In the 1940s, the town of Franklin raised money to purchase the mound from a private owner. Hicks said the tribe started conversations with the town about transferring ownership in 2012, after a town employee sprayed herbicide on the mound, killing all the grass. In 2019, Franklin and the Eastern Band of Cherokee Indians created a nonprofit to oversee the site, which today it is situated between two roads and several buildings.

“Talking about Land Back, it’s part of a living people. It’s not like it’s a historical artifact,” said Stacey Guffey, Franklin’s mayor, referencing the global movement to return Indigenous homelands through ownership or co-stewardship. “It’s part of a living culture, and if we can’t honor that then we lose the character of who we are as mountain people.”

LUMBEE TRIBE OF NORTH CAROLINA GAINS LONG-SOUGHT FULL FEDERAL RECOGNITION

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Noquisiyi is part of a series of earthen mounds, many of which still exist, that were the heart of the Cherokee civilization. The Eastern Band of Cherokee Indians also owns the Cowee Mound a few miles away, and it is establishing a cultural corridor of important sites that stretches from Georgia to the tribe’s reservation, the Qualla Boundary.

Noquisiyi, which translates to “star place,” is an important religious site that has provided protection to generations of Cherokee people, said Jordan Oocumma, the groundskeeper of the mound. He said he is the first enrolled member of the tribe to caretake the mound since the forced removal.

“It’s also a place where when you need answers, or you want to know something, you can go there and you ask, and it’ll come to you,” he said. “It feels different from being anywhere else in the world when you’re out there.”

The mound will remain publicly accessible, and the tribe plans to open an interpretive center in a building it owns next to the site.



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Former inmate buys NC prison to help others who have served time

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Former inmate buys NC prison to help others who have served time


With the recent purchase of the former Wayne Correctional Center in Goldsboro, Kerwin Pittman is laying claim to an unusual title — he says he’s the first formerly incarcerated person in the U.S. to purchase a prison. Pittman, the founder and executive director of Recidivism Reduction Educational Program Services, Inc. (RREPS), was sent to prison […]



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NC Foundation at center of I-Team Troubleshooter investigation could face contempt charge

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NC Foundation at center of I-Team Troubleshooter investigation could face contempt charge


DURHAM, N.C. (WTVD) — New details in an I-Team investigation into a Durham foundation accused of not paying its employees.

The North Carolina Department of Labor filed a motion in court to try to force the Courtney Jordan Foundation, CJF America, to provide the pay records after the state agency received more than 30 complaints from former employees about not getting paid.

The ABC11 I-Team first told you about CJF and its problems paying employees in July. The foundation ran summer camps in Durham and Raleigh, and at the time, more than a dozen workers said they didn’t get paid, or they got paychecks that bounced. ABC11 also talked to The Chicken Hut, which didn’t get paid for providing meals to CJF Durham’s summer camps, but after Troubleshooter Diane Wilson’s involvement, The Chicken Hut did get paid.

The NC DOL launched their investigation, and according to this motion filed with the courts, since June thirty one former employees of CJF filed complaints with the agency involving pay issues. Court documents state that, despite repeated attempts from the wage and hour bureau requesting pay-related documents from CJF, and specifically Kristen Picot, the registered agent of CJF, CJF failed to comply.

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According to this motion, in October, an investigator with NC DOL was contacted by Picot, and she requested that the Wage and Hour Bureau provide a letter stating that CJF was cooperating with the investigation and that repayment efforts were underway by CJF. Despite several extensions, the motion says Picot repeatedly exhibited a pattern of failing to comply with the Department of Labor’s investigation. The motion even references an ITEAM story on CJFand criminal charges filed against its executives.

The NC DOL has requested that if CJF and Picot fail to produce the requested documentation related to the agency’s investigation, the employer be held in civil contempt for failure to comply. Wilson asked the NC Department of Labor for further comment, and they said, “The motion to compel speaks for itself. As this is an ongoing investigation, we are unable to comment further at this time.”

ABC11 Troubleshooter reached out to Picot and CJF America, but no one has responded. At Picot’s last court appearance on criminal charges she faces for worthless checks, she had no comment then.

Out of all the CJF employees we heard from, only one says he has received partial payment.

Copyright © 2026 WTVD-TV. All Rights Reserved.



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