Hickory-Lenoir-Morganton, NC MSA · FY2026 area median income $85,200 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $298 | $447 | $597 | $746 | $895 | $1,044 | $1,194 |
| 1BR | $319 | $479 | $639 | $799 | $959 | $1,119 | $1,279 |
| 2BR | $383 | $575 | $767 | $958 | $1,150 | $1,342 | $1,534 |
| 3BR | $443 | $664 | $886 | $1,108 | $1,329 | $1,551 | $1,773 |
| 4BR | $494 | $741 | $989 | $1,236 | $1,483 | $1,730 | $1,978 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $17,910 | $29,850 | $35,820 | $47,760 |
| 2 persons | $20,460 | $34,100 | $40,920 | $54,560 |
| 3 persons | $23,010 | $38,350 | $46,020 | $61,360 |
| 4 persons | $25,560 | $42,600 | $51,120 | $68,160 |
| 5 persons | $27,630 | $46,050 | $55,260 | $73,680 |
| 6 persons | $29,670 | $49,450 | $59,340 | $79,120 |
| 7 persons | $31,710 | $52,850 | $63,420 | $84,560 |
| 8 persons | $33,750 | $56,250 | $67,500 | $90,000 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Catawba County to see the sources and uses, bond test, DSCR, and funding gap using these rents.