City Report · NC

Holly Springs

Pop. 45,248·34th most expensive in North Carolina·Rental market data updated monthly for Holly Springs, NC
Median rent (all units)
$1,893/mo
Year-over-Year
-0.9%
Month-over-Month
-0.5%
vs US Median
-$69
Falling (Monthly)
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Most AffordableMost Expensive
Holly Springs · $1,893
More expensive than 52% of US cities · National median $1,962/mo
Rent Reality Score
73/100
Good value
OverheatedFairGreat value

Rents are 11% below what Holly Springs's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,893/mo
Expected by trend
$2,134/mo
The Rent Reality Score compares today's median rent to where Holly Springs's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,870
1 BR
$1,950
2 BR
$2,160
3 BR
$2,690
4 BR+
$3,630
Fair Market Rent (HUD)
$2,160/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,893 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$22,716/yr
At $1,893/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.9% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-0.9% YoY, -0.5% MoM), not inventory.
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Demographics

Who lives here

Holly Springs, NC is majority owner-occupied, has a large share of families with children, has a median income above the national average, 67.3% of residents hold a bachelor's degree or higher.

Population
45,248
Median income
$135,578
Median age
36.5
Renters
19.4%
Age distribution
32.4%
15.5%
34.4%
Under 1832.4%
18–3415.5%
35–5434.4%
55–648.8%
65+8.9%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
71.4%
White71.4%
Black8.5%
Hispanic6.8%
Asian8.7%
Other4.6%
Education (25+)
20.6%
67.3%
No HS diploma3.7%
HS diploma8.4%
Some college20.6%
Bachelor's+67.3%
Housing tenure
80.6%
19.4%
Owner80.6%
Renter19.4%

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

2021 vs 2026

How Holly Springs, NC has changed in 5 years

Rent
$1,467 → $1,893
up 29.0%
Income
$120,229 → $135,578
up 12.8%
Population
40,198 → 45,248
up 12.6%
Renter share
18.3% → 19.4%
+1.1 pts
Bachelor's+
61.1% → 67.3%
+6.2 pts
Median age
35.5 → 36.5
+1.0 yrs

Across the past five years, the going rent in Holly Springs, NC has shifted from $1,467 to $1,893, up 29.0% since 2021. Median household income climbed from $120,229 to $135,578 between 2021 and 2024, a 12.8% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Holly Springs, NC adding about 5,050 residents over the five-year window, up 12.6% on net. Bachelor's-degree-or-higher attainment moved from 61.1% to 67.3% across the same window. Taken together, the five-year picture in Holly Springs, NC reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Holly Springs rent history (2015–2026) →
Salary vs rent

Can you afford rent in Holly Springs on your salary?

At $1,893/mo, how Holly Springs rent compares to typical pay (30% rule).

By apartment size

Holly Springs rent by bedroom count

Median rent for each apartment size in Holly Springs. Click any size for full breakdown.

Local insights

Tips for renters in Holly Springs

About renting in Holly Springs, NC

Last updated: August 17, 2026

The median rent in Holly Springs is $1,893/mo as of August 2026. A studio apartment averages $1,870/mo while a 2-bedroom runs $2,160/mo. One-bedroom apartments average $1,950/mo and 3-bedroom units go for $2,690/mo.

At 17% of local median household income ($135,578/yr), Holly Springs ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.9% over the past year.

FAQ

Frequently asked questions

Is Holly Springs an affordable city for renters?

Holly Springs is considered very affordable for renters. At $1,893/mo, rent takes approximately 17% of the local median household income ($135,578/yr). The standard benchmark is 30%. Holly Springs falls comfortably within that range.

How much income do you need to rent in Holly Springs?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,893/mo in Holly Springs. The local median household income is $135,578/yr, meaning the typical Holly Springs household meets that threshold.

Is rent going up or down in Holly Springs?

Rent in Holly Springs has decreased 0.9% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Holly Springs rent compare to other cities in North Carolina?

Holly Springs is one of the pricier cities in North Carolina for rent, ranking #34 out of 128 tracked cities at $1,893/mo.

Which nearby cities are cheaper to rent in than Holly Springs?

Several nearby cities have lower median rents than Holly Springs ($1,893/mo): Lillington ($1,679/mo), Cary ($1,791/mo).

What percentage of Holly Springs residents rent vs. own?

According to Census data, approximately 19.4% of Holly Springs households are renters, while 80.6% are owner-occupied. Holly Springs leans toward homeownership, which can mean a smaller rental inventory.

How does Holly Springs rent compare to the national average?

Holly Springs's median rent of $1,893/mo is $69 (4%) below the US national median of $1,962/mo. Within North Carolina, it ranks #34 out of 128 tracked cities.
Income Affordability
17%
VERY AFFORDABLE

At $1,893/mo, rent takes ~17% of Holly Springs's median household income ($135,578/yr). The standard benchmark is 30%.

Holly Springs 17%Benchmark 30%
State income tax4.5%
Run the Holly Springs affordability calculator →
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Public schools near Holly Springs, NC

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