North Carolina
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.
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.
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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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.
North Carolina
2 Candidates Emerge in NC State’s Coaching Search
RALEIGH — NC State replaced Kevin Keatts with Will Wade in March 2025, introducing him 368 days ago in front of the Wolfpack community at Reynolds Coliseum. A little over a year later, Wade decided to leave his new program to return to LSU, the school that fired him for cause in 2022, beginning a long journey back to Power Four basketball.
Now, athletic director Boo Corrigan and the rest of the NC State administration must find a new leader for the men’s basketball program. To make matters more complicated, they won’t have a lot of time to do so, as the new head coach needs to be in place firmly before April 7, the day the transfer portal opens. However, early noise indicates the group in charge has eyes on two candidates.
Who are the candidates?
According to multiple reports, Corrigan and other power brokers at NC State zeroed in on Saint Louis head coach Josh Schertz and Tennessee associate head coach Justin Gainey as the primary two candidates for the opening. Both names were expected to be in the mix as soon as the Wade exit became more and more likely, although Corrigan shared no specific names during his Thursday press conference.
The NC State University Board of Trustees hosted an emergency meeting on Friday, with the primary subject being Wade’s buyout negotiation. Of course, speculation began quickly that there were discussions about the next coach of the Wolfpack, but that’s been confirmed not to be the case in the behind-closed-doors meeting for the board.
NC State Board of Trustees emergency meeting related to change in term of Will Wade’s buyout (from $5M to $4M, as AD Boo Corrigan said yesterday) not a new coach hire. Quickly went into closed session. No public business.
— Brian Murphy (@murphsturph) March 27, 2026
Even so, it seems as though NC State plans on making a strong push for Schertz first, despite his status as head coach at Saint Louis still and his recent agreement to a contract extension. That certainly makes things more complicated, but hiring Schertz would allow NC State to maintain any sort of positive momentum established by Wade and his regime in Raleigh. Still, Corrigan isn’t totally committed to a sitting head coach.
“I don’t think it has to be a sitting head coach at this point,” Corrigan said. “I think we want to find someone that knows how to coach and is a great coach, and has the ability to connect with people, both internal and external, with the players, be able to recruit. You have to be a good recruiter in this day and age.”
NC State will move as quickly as it possibly can, with Gainey and Schertz atop the list. That doesn’t rule out other options entirely, but all signs point to one of them being the most likely to be the next coach of the Wolfpack, ending the Will Wade era as quickly as it started.
North Carolina
NC offshore wind project canceled as $1B deal shifts investment to fossil fuels
A planned offshore wind project off North Carolina’s coast that could have powered roughly 300,000 homes has been scrapped after the federal government agreed to spend nearly $1 billion to halt its development, a decision that is drawing sharp reactions and raising questions about future energy costs in the state.
Under the agreement, the French energy company TotalEnergies will be reimbursed for leases it purchased in federal waters near Bald Head Island. In exchange, the company will redirect that investment into oil and natural gas projects, including liquefied natural gas (LNG) production.
The move comes as electricity demand in North Carolina and across the Southeast is rising, driven by population growth and the rapid expansion of energy-intensive data centers.
Energy analysts say removing a major potential source of power from the pipeline could have lasting implications.
“I think folks are trying to figure out how to reconcile this with the fact that we do need more electrons on the grid,” said Katharine Kollins, president of the Southeastern Wind Coalition. “Every state right now is looking at how we can develop more energy, not how we should be taking options off the table.”
The canceled project, known as Carolina Long Bay, was one of two offshore wind developments TotalEnergies had planned along the East Coast. The North Carolina portion alone would have generated about 1,300 megawatts of electricity and brought significant economic development to the region.
State leaders were quick to criticize the decision. In a post on X, Gov. Josh Stein said the Trump administration is “spending nearly $1 billion in taxpayer money to pay off a company to stop investments in the clean energy we need,” calling it “a terrible deal for the people of North Carolina and our country.”
The Interior Department, which negotiated the agreement, defended the move, saying offshore wind projects are too costly and unreliable to meet the nation’s energy needs. In a statement, officials said redirecting investment toward natural gas would provide “affordable, reliable and secure energy” while strengthening grid stability.
The debate reflects a broader divide over how to meet growing electricity demand while keeping costs down.
Offshore wind projects typically require high upfront investment but have no fuel costs once operational. Fossil fuel plants rely on fuel that can fluctuate in price.
“Using a billion dollars of taxpayer money to remove an option for North Carolina and then require that company to invest in LNG just doesn’t feel right,” Kollins said.
She and other advocates argue that offshore wind could help stabilize energy prices over time by diversifying the state’s power mix, particularly during periods of high demand or fuel volatility.
The federal government and industry leaders backing the deal say natural gas offers a more dependable source of power, especially as the grid faces increasing strain.
Part of that shift now points to LNG, which is traded on a global market. That means prices can rise or fall based on international demand, geopolitical tensions and export levels — dynamics that do not affect wind energy.
The cancellation also highlights uncertainty around offshore wind development in North Carolina. Duke Energy, the state’s largest utility, holds a neighboring lease in the same area but paused development last year as it reevaluated costs and policy conditions.
As state regulators and utilities map out how to meet future demand, the loss of Carolina Long Bay narrows the range of options.
For residents, the stakes may ultimately show up in monthly bills.
“When we limit our choices,” Kollins said, “we limit our ability to control costs.”
North Carolina
What North Carolina Wants to See Happen in the Sweet 16
The North Carolina Tar Heels were a first-round exit in this year’s NCAA Tournament, but that does not mean that what transpires the rest of the way does not matter for the program.
It has been less than a week since the Tar Heels blew a 19-point lead in the second half against the VCU Rams, en route to an 82-78 loss in overtime. The result has raised doubts about Hubert Davis’ future as North Carolina’s head coach.
With all of that being said, here are a couple of things the Tar Heels should be wishing to happen later this week in the Sweet 16.
Duke Falls Short
The North Carolina-Duke rivalry is arguably the best one in all of sports. It was a tantalizing matchup the first time these two squared off this year, with Caleb Wilson and Cameron Boozer going head-to-head, as both players are expected to be selected in the top five of the 2026 NBA Draft.
However, the discrepancy between the two teams was apparent, even though the Tar Heels split the season series. The Blue Devils entered the NCAA Tournameent as the No. 1-overall seed in the entire field, while the Tar Heels limped into the field as a six-seed.
While North Carolina would obviously prefer playing in the upcoming round, which starts on Thursday night, nothing would make Tar Heels fans happier than to see Duke fall to St. John’s in the Sweet 16.
The Blue Devils have been playing with fire in the first two rounds, at various points, but they ultimately advanced to the second weekend of the tournament. St. John’s is a formidable opponent that could legitimately take down Duke.
One of the Teams With a Legitimate Head Coaching Option To Lose
It has been well-documented that North Carolina is likely to be in the coaching market, as Davis appears to be on his way out in Chapel Hill. If this occurs, the Tar Heels need to make a substantial hire that will elevate the program back to competing for national championships.
There will be a slew of options for North Carolina to consider, but two names to keep an eye on are Iowa State’s T.J. Otzelberger and Alabama’s Nate Oats. You may be asking yourself, ‘Why should North Carolina be rooting for potential head coach candidates to lose?’
Here’s why: the transfer portal opens on April 7, and ideally, North Carolina would want its presumed new head coach in place well before then. Those coaches will not be the only two to watch for, but they are arguably the most ideal.
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