For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Etowah, NC is $2,540 a month. That is down 5.2% from $2,680 in FY 2026. Etowah 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 Etowah is 122% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Etowah, NC
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,100
$2,020
−3.8%
$1,818–$2,222
1BR
$2,440
$2,330
−4.5%
$2,097–$2,563
2BR
$2,680
$2,540
−5.2%
$2,286–$2,794
3BR
$3,260
$3,030
−7.1%
$2,727–$3,333
4BR
$4,500
$4,230
−6.0%
$3,807–$4,653
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Etowah, NC
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,020
$2,330
$2,540
$3,030
$4,230
FY 2026
$2,100
$2,440
$2,680
$3,260
$4,500
FY 2025
$1,800
$2,050
$2,270
$2,830
$3,810
FY 2024
$1,240
$1,300
$1,460
$1,870
$2,470
FY 2023
$1,180
$1,180
$1,380
$1,880
$2,370
Questions about Etowah, NC rents
How much will Section 8 pay for a two-bedroom in Etowah, 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 $2,540 it would be $2,286 to $2,794. 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 Etowah, NC in?
Etowah, 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 Etowah, NC for FY 2027?
The two-bedroom FMR fell 5.2%, from $2,680 in FY 2026 to $2,540 in FY 2027. Since FY 2023 it has risen 84.1%.
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