At $1,751/mo, rent takes about 18% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,751 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Advance, NC is majority owner-occupied, has a large share of families with children, has a median income above the national average, 47.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Advance, NC has changed in 5 years
Median household income grew from $95,845 to $115,391 between 2021 and 2024, a 20.4% shift. Headcount in the area went from 1,471 to 1,408 between 2021 and 2024, a 4.3% change. About 19.9% of households rent today, against 6.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 26.7% to 47.2%.
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Can you afford rent in Advance on your salary?
At $1,751/mo, how Advance rent compares to typical pay (30% rule).
Advance rent by bedroom count
Median rent for each apartment size in Advance. Click any size for full breakdown.
Tips for renters in Advance
Last updated: August 17, 2026
The median rent in Advance is $1,751/mo as of August 2026. A studio apartment averages $940/mo while a 2-bedroom runs $1,160/mo. One-bedroom apartments average $990/mo and 3-bedroom units go for $1,520/mo.
At 18% of local median household income ($115,391/yr), Advance ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Advance?
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What percentage of Advance residents rent vs. own?
How does Advance rent compare to the national average?
At $1,751/mo, rent takes ~18% of Advance's median household income ($115,391/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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