Raleigh-Cary, NC MSA · FY2026 area median income $132,300 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $463 | $695 | $927 | $1,158 | $1,390 | $1,622 | $1,854 |
| 1BR | $496 | $744 | $993 | $1,241 | $1,489 | $1,737 | $1,986 |
| 2BR | $595 | $893 | $1,191 | $1,488 | $1,786 | $2,084 | $2,382 |
| 3BR | $688 | $1,032 | $1,376 | $1,720 | $2,064 | $2,408 | $2,752 |
| 4BR | $767 | $1,151 | $1,535 | $1,918 | $2,302 | $2,686 | $3,070 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $27,810 | $46,350 | $55,620 | $74,160 |
| 2 persons | $31,770 | $52,950 | $63,540 | $84,720 |
| 3 persons | $35,730 | $59,550 | $71,460 | $95,280 |
| 4 persons | $39,690 | $66,150 | $79,380 | $105,840 |
| 5 persons | $42,870 | $71,450 | $85,740 | $114,320 |
| 6 persons | $46,050 | $76,750 | $92,100 | $122,800 |
| 7 persons | $49,230 | $82,050 | $98,460 | $131,280 |
| 8 persons | $52,410 | $87,350 | $104,820 | $139,760 |
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 Franklin County to see the sources and uses, bond test, DSCR, and funding gap using these rents.