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City Report · NC

Fuquay Varina

Pop. 40,485·19th most expensive in North Carolina·Rental market data updated monthly for Fuquay Varina, NC
Median rent (all units)
$1,963/mo
Year-over-Year
+4.6%
Month-over-Month
-0.5%
vs US Median
-$2
Falling (Monthly)
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Most AffordableMost Expensive
Fuquay Varina · $1,963
More expensive than 57% of US cities · National median $1,965/mo
Rent Reality Score
63/100
Good value
OverheatedFairGreat value

Rents are 7% below what Fuquay Varina's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,963/mo
Expected by trend
$2,102/mo
The Rent Reality Score compares today's median rent to where Fuquay Varina's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,580
1 BR
$1,630
2 BR
$1,840
3 BR
$2,330
4 BR+
$3,100
Research median
$1,840/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$23,556/yr
At $1,963/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.6% YoY, -0.5% MoM), not inventory.
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Demographics

Who lives here

Fuquay Varina, NC is majority owner-occupied, has a large share of families with children, 54% of residents hold a bachelor's degree or higher.

Population
40,485
Median age
37
Renters
25.8%
Age distribution
28.4%
18.6%
29.4%
14.3%
Under 1828.4%
18–3418.6%
35–5429.4%
55–649.2%
65+14.3%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
67.6%
14.9%
White67.6%
Black14.9%
Hispanic9.9%
Asian2.9%
Other4.8%
Education (25+)
15.5%
26.6%
54%
No HS diploma3.9%
HS diploma15.5%
Some college26.6%
Bachelor's+54%
Housing tenure
74.2%
25.8%
Owner74.2%
Renter25.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Fuquay Varina, NC has changed in 5 years

Rent
$1,561 → $1,963
up 25.8%
Population
33,135 → 40,485
up 22.2%
Renter share
29.5% → 25.8%
-3.7 pts
Bachelor's+
47.1% → 54%
+6.9 pts

The median rent in Fuquay Varina, NC stood at $1,561 in 2021 and currently runs about $1,963, reflecting a 25.8% increase over the period. The population has grown by 22.2% since 2021, moving from about 33,135 residents to roughly 40,485. Renters now make up 25.8% of households, compared with 29.5% five years ago. College-educated residents now make up 54% of adults here, versus 47.1% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Fuquay Varina rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fuquay Varina on your salary?

At $1,963/mo, how Fuquay Varina rent compares to typical pay (30% rule).

By apartment size

Fuquay Varina rent by bedroom count

Median rent for each apartment size in Fuquay Varina. Click any size for full breakdown.

Local insights

Tips for renters in Fuquay Varina

About renting in Fuquay Varina, NC

Last updated: July 20, 2026

The median rent in Fuquay Varina is $1,963/mo as of July 2026. A studio apartment averages $1,580/mo while a 2-bedroom runs $1,840/mo. One-bedroom apartments average $1,630/mo and 3-bedroom units go for $2,330/mo.

At 33% of estimated US median household income ($72,000/yr), Fuquay Varina ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.6% over the past year.

FAQ

Frequently asked questions

Is Fuquay Varina an affordable city for renters?

Fuquay Varina is considered moderate for renters. At $1,963/mo, rent takes approximately 33% of the US median household income ($72,000/yr). The standard benchmark is 30%. Fuquay Varina slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Fuquay Varina?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,963/mo in Fuquay Varina.

Is rent going up or down in Fuquay Varina?

Rent in Fuquay Varina has increased 4.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Fuquay Varina rent compare to other cities in North Carolina?

Fuquay Varina is one of the pricier cities in North Carolina for rent, ranking #19 out of 126 tracked cities at $1,963/mo.

Which nearby cities are cheaper to rent in than Fuquay Varina?

Several nearby cities have lower median rents than Fuquay Varina ($1,963/mo): Lillington ($1,648/mo), Cary ($1,775/mo), Holly Springs ($1,903/mo).

What percentage of Fuquay Varina residents rent vs. own?

According to Census data, approximately 25.8% of Fuquay Varina households are renters, while 74.2% are owner-occupied. Fuquay Varina leans toward homeownership, which can mean a smaller rental inventory.

How does Fuquay Varina rent compare to the national average?

Fuquay Varina's median rent of $1,963/mo is $2 (0%) below the US national median of $1,965/mo. Within North Carolina, it ranks #19 out of 126 tracked cities.
Income Affordability
33%
MODERATE

At $1,963/mo, rent takes ~33% of US median household income ($72,000/yr). The standard benchmark is 30%.

Fuquay Varina 33%Benchmark 30%
State income tax4.5%
Run the Fuquay Varina affordability calculator →
Lowest-rent ZIP codes in Fuquay Varina
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fuquay Varina, NC

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