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NC/Buncombe County/Asheville

Asheville, NC

CitySAFMR
Buncombe County
Found 11 ZIPs
Zillow

City Median Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,470 – $1,740$1,180 – $1,550
1 BR$1,700 – $2,010$1,310 – $1,740
2 BR$1,850 – $2,190$1,630 – $2,030
3 BR$2,200 – $2,660$2,120 – $2,500
4 BR$3,080 – $3,680$2,650 – $3,220
5 BR$3,737Not available
6 BR$4,298Not available
7 BR$4,943Not available
8 BR$5,684Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
3
3
3
1.00-1.32
1 BR
3
1.11-1.45
2 BR
4
4
0.87-1.27
3 BR
3
0.89-1.16
4 BR
3
3
1.01-1.35
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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Asheville, NC fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 11 ZIP codes in Asheville, NC ranges from $1,850 to $2,190 a month, with a median of $1,950. That is up 1.6% from $1,920 in FY 2026. Asheville is in the Asheville, NC MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,866. The median county two-bedroom FMR in North Carolina is $1,145, so Asheville is 70% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Asheville, NC
BedroomsFY 2027Change90–110% range
Studio$1,550+3.3%$1,395–$1,705
1BR$1,790+2.3%$1,611–$1,969
2BR$1,950+1.6%$1,755–$2,145
3BR$2,320−0.4%$2,088–$2,552
4BR$3,250+0.9%$2,925–$3,575

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Asheville, NC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,550$1,790$1,950$2,320$3,250
FY 2026$1,500$1,750$1,920$2,330$3,220
FY 2025$1,350$1,430$1,580$2,030$2,680
FY 2024$1,490$1,560$1,750$2,250$2,970
FY 2023$1,330$1,350$1,530$2,030$2,610

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
28803$2,190+12.3%
28804$2,140+9.7%
28801$1,960+0.5%
28802$1,9500.0%
28813$1,9500.0%
28814$1,9500.0%
28815$1,9500.0%
28816$1,9500.0%
28805$1,890−3.1%
28806$1,850−5.1%

Questions about Asheville, NC rents

How much will Section 8 pay for a two-bedroom in Asheville, NC?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,866, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,679 to $2,053 a month; under the ZIP-level Small Area FMR of $1,950 it would be $1,755 to $2,145. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Asheville, NC in?

Asheville, NC is in the Asheville, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,866.

How much did fair market rent change in Asheville, NC for FY 2027?

The two-bedroom FMR rose 1.6%, from $1,920 in FY 2026 to $1,950 in FY 2027. Since FY 2023 it has risen 27.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentNC statewide rentsWhat is SAFMR?Data sources