At $2,006/mo, rent takes about 31% of the local median household income, slightly above 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 $2,006 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: October 17, 2026
What the numbers show
30% of the median household income ($78,033) is $1,951 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($844); a 3-bedroom is $2,037.
From Zillow's monthly rent index (ZORI) for Ranlo. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Ranlo, NC is majority owner-occupied, has a large share of families with children, 20.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Ranlo, NC has changed in 5 years
Median household income grew from $71,761 to $78,033 between 2021 and 2024, a 8.7% shift. Headcount in the area went from 4,395 to 4,617 between 2021 and 2024, a 5.1% change. About 38.4% of households rent today, against 30.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 17.2% to 20.1%.
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Can you afford rent in Ranlo on your salary?
At $2,006/mo, how Ranlo rent compares to typical pay (30% rule).
Ranlo rent by bedroom count
Median rent for each apartment size in Ranlo. Click any size for full breakdown.
Tips for renters in Ranlo
Last updated: October 17, 2026
The median rent in Ranlo is $2,006/mo as of October 2026. a 2-bedroom runs $844/mo. One-bedroom apartments average $483/mo and 3-bedroom units go for $2,037/mo.
At 31% of local median household income ($78,033/yr), Ranlo ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Ranlo?
Is rent going up or down in Ranlo?
How does Ranlo rent compare to other cities in North Carolina?
Which nearby cities are cheaper to rent in than Ranlo?
At $2,006/mo, rent takes ~31% of Ranlo's median household income ($78,033/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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