Mitchell County, NC

2024 Fair Market Rents

Tags: 2024 40th percentile North Carolina

Return to the state page to see where North Carolina ranks nationally and to view information on other counties. Click on the map to view a different county.

The top two largest cities in Mitchell County are Green Mountain and Penland. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Mitchell County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Mitchell County uses 40th percentile Fair Market Rents.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Mitchell County compare?

Mitchell County ($856) has a 21% lower FMR for 2-Bedroom housing than the average of North Carolina ($1,083) and therefore has a lower gross rent.

Mitchell County is rank 75th out of 100 counties. This means the FMRs, or in other words, the gross rent is lower than 74 other counties. Mitchell County is the 26th cheapest county in terms of FMRs.

Rent Tables Mitchell County, NC

Fair Market Rent (40th Percentile)

$647
studio
$651
1-Bedroom
$856
2-Bedroom
$1,053
3-Bedroom
$1,140
4-Bedroom

Median Rent (50th Percentile)

$677
studio
$682
1-Bedroom
$896
2-Bedroom
$1,103
3-Bedroom
$1,193
4-Bedroom

Fair Market Rents on this page apply to the following cities in Mitchell County, North Carolina: Green Mountain and Penland.

These Fair Market Rents also apply to the following ZIP codes in Mitchell County, North Carolina: 28740 and 28765.

More on Mitchell County, NC

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.