Cleveland County, NC · FY2026 area median income $82,800 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $290 | $435 | $580 | $725 | $870 | $1,015 | $1,160 |
| 1BR | $310 | $466 | $621 | $776 | $932 | $1,087 | $1,243 |
| 2BR | $373 | $559 | $746 | $932 | $1,119 | $1,305 | $1,492 |
| 3BR | $430 | $646 | $861 | $1,076 | $1,292 | $1,507 | $1,723 |
| 4BR | $480 | $720 | $961 | $1,201 | $1,441 | $1,681 | $1,922 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $17,400 | $29,000 | $34,800 | $46,400 |
| 2 persons | $19,890 | $33,150 | $39,780 | $53,040 |
| 3 persons | $22,380 | $37,300 | $44,760 | $59,680 |
| 4 persons | $24,840 | $41,400 | $49,680 | $66,240 |
| 5 persons | $26,850 | $44,750 | $53,700 | $71,600 |
| 6 persons | $28,830 | $48,050 | $57,660 | $76,880 |
| 7 persons | $30,810 | $51,350 | $61,620 | $82,160 |
| 8 persons | $32,790 | $54,650 | $65,580 | $87,440 |
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 Cleveland County to see the sources and uses, bond test, DSCR, and funding gap using these rents.