Rent by ZIP · Burke County
Rent in Morganton, NC 28655
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,660 (+21.2% vs FY2026). Renters in this ZIP code pay a median $905 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,300 | $1,170 | +11.1% | $1,170–1,430 | – |
| 1 bedroom | $1,510 | $1,220 | +23.8% | $1,359–1,661 | $667 ±$194 |
| 2 bedrooms | $1,660 | $1,370 | +21.2% | $1,494–1,826 | $877 ±$78 |
| 3 bedrooms | $2,010 | $1,760 | +14.2% | $1,809–2,211 | $944 ±$70 |
| 4 bedrooms | $2,780 | $2,320 | +19.8% | $2,502–3,058 | $1,287 ±$376 |
Small Area FMRs for the Hickory-Lenoir-Morganton, NC MSA. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Hickory-Lenoir-Morganton, NC MSA, 2 bedrooms: $1,147.
What renters pay in 28655
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 28654 | Moravian Falls | $1,260 | – |
| 28657 | Newland | $1,010 | $771 |
| 28658 | Newton | $1,260 | $886 |
| 28651 | Millers Creek | $1,010 | $665 |
| 28659 | North Wilkesboro | $1,050 | $704 |
| 28650 | Maiden | $1,010 | $712 |
Fair Market Rents across Burke County, NC · All NC counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.