FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR- 28728
1.17ratio
FMR$1,790
Market$1,530
vs market+$260
FMR is above market; underwrite to market rent.
1.17
2 BR
2 BR- 28728
1.19ratio
FMR$1,950
Market$1,640
vs market+$310
FMR is above market; underwrite to market rent.
1.19
3 BR
3 BR- 28728
1.17ratio
FMR$2,320
Market$1,980
vs market+$340
FMR is above market; underwrite to market rent.
1.17
4 BR
4 BR- 28728
1.42ratio
FMR$3,250
Market$2,290
vs market+$960
FMR is above market; underwrite to market rent.
1.42
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
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Mortgage rate
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Enka, NC fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Enka, NC is $1,950 a month. That is up 1.6% from $1,920 in FY 2026. Enka 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 Enka is 70% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Enka, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,500
$1,550
+3.3%
$1,395–$1,705
1BR
$1,750
$1,790
+2.3%
$1,611–$1,969
2BR
$1,920
$1,950
+1.6%
$1,755–$2,145
3BR
$2,330
$2,320
−0.4%
$2,088–$2,552
4BR
$3,220
$3,250
+0.9%
$2,925–$3,575
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Enka, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
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
Questions about Enka, NC rents
How much will Section 8 pay for a two-bedroom in Enka, 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 Enka, NC in?
Enka, 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 Enka, 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