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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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Best golf courses in North Carolina for 2024-25

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Best golf courses in North Carolina for 2024-25




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Aidoo scores 17 and well-balanced Arkansas routs North Carolina A&T

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Aidoo scores 17 and well-balanced Arkansas routs North Carolina A&T


FAYETTEVILLE, Ark. (AP) — Jonas Aidoo had a double-double, and his 17 points led seven in double figures as Arkansas rolled past North Carolina A&T 95-67 on Saturday for the Razorbacks’ fifth straight win.

Aidoo made 7 of 13 shots and grabbed 11 rebounds. Boogie Fland also had a double-double with 12 points and 11 assists. Adou Thiero scored 14 points, Karter Knox 11 and D.J. Wagner 10 as all five starters reached double figures. Off the bench, Trevon Brazile had 11 points and Billy Richmond III scored 10. Brazile had nine rebounds.

Aidoo scored the first five points of the game and Arkansas (10-2) led 12-3 in the early going. Later in the half, Richmond scored seven consecutive Arkansas points and the Razorbacks were out front 28-17. They went on to lead 54-31 at the break.

An 8-0 run midway through the second half put Arkansas ahead by 36 points and the lead peaked at 37 when Aidoo scored in the paint with about 9 minutes remaining.

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Ryan Forrest led the Aggies (3-10) with 19 points and eight rebounds. Landon Glasper added 16 points.

It was the Razorbacks’ second game on their home floor this month. Next, they will host Oakland on Dec. 30.

___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball

To report a correction or typo, please email digitalnews@ky3.com. Please include the article info in the subject line of the email.

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Arkansas overwhelms North Carolina A&T in Fayetteville | Northwest Arkansas Democrat-Gazette

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Arkansas overwhelms North Carolina A&T in Fayetteville | Northwest Arkansas Democrat-Gazette


FAYETTEVILLE — Playing its first game in a week, the Arkansas basketball team showed no rust Saturday. 

The Razorbacks opened with a 12-3 run and were never threatened during a 95-67 victory over North Carolina A&T at Bud Walton Arena. 

Arkansas (10-2) won its fifth consecutive game and played for the final time before a break for Christmas. The Razorbacks are not scheduled to play again until a Dec. 30 home game against Oakland. 

Jonas Aidoo had 7 points, 3 rebounds and 3 blocked shots before the first media timeout to spark the early run. Aidoo finished with season highs of 17 points and 11 rebounds in 22 minutes. 

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Aidoo was one of seven Razorbacks who scored in double figures. Adou Thiero scored 14 points, Boogie Fland scored 12 to go with 11 assists, Trevon Brazile and Karter Knox scored 11 apiece, and D.J. Wagner and Billy Richmond had 10. 

Zvonimir Ivisic (8 points) was the only Arkansas rotation player to score less than 10. The Razorbacks played the game without guard Nelly Davis, who sat out with soreness in his shooting wrist. Davis is averaging 9.9 points per game. 

Arkansas shot 50% (37 of 74) with 26 assists and held the Aggies to 36% (27 of 75) shooting. 

The Razorbacks led 54-31 at halftime and by as many as 37 points in the second half. 

North Carolina A&T (3-10) lost its eighth consecutive game. The Aggies were led in scoring by Marion native Ryan Forrest (19 points) and Fayetteville native Landon Glasper (16).

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