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Buncombe County/Candler/28715

28715

ZIPSAFMR
Buncombe County, NC
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,450$1,480
1 BR$1,670$1,500
2 BR$1,820$1,680
3 BR$2,170$2,070
4 BR$3,030$2,810
5 BR$3,484Not available
6 BR$4,007Not available
7 BR$4,608Not available
8 BR$5,299Not available

Purchase Price Calculator

Maximum purchase price
$187,731

Cost breakdown

+Likely effective rent$1,680
HUD FMR$1,820
Market rentUsed$1,680
Est. payment standard (95%)$1,730
-Principal and interest-$949
Loan amount$150,185
Down payment$37,546
Rate6.50%
Term30 years
-Operating costs-$531
Property taxes-$188
Insurance-$175
Utilities$0
HOA$0
Management-$168
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,015(72.0% ROI)
Projected value
$202,166
Return breakdown
Property appreciation+$14,435
Loan principal paid down+$5,381
Rental cash flow+$7,200
5-year hold
+$46,265(123.2% ROI)
Projected value
$212,400
Return breakdown
Property appreciation+$24,669
Loan principal paid down+$9,595
Rental cash flow+$12,000
10-year hold
+$99,444(264.9% ROI)
Projected value
$240,311
Return breakdown
Property appreciation+$52,581
Loan principal paid down+$22,864
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.97
1 BR
1.11
2 BR
1.08
3 BR
1.05
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28715 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28715 (Candler, NC) is $1,820 a month. That is unchanged from FY 2026. Candler 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. Among 33 ZIP codes in Buncombe County, 28715 is tied for the 17th-highest two-bedroom rent (county range $1,660–$2,270). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28715 is 59% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28715
BedroomsFY 2027Change90–110% range
Studio$1,450+2.1%$1,305–$1,595
1BR$1,670+0.6%$1,503–$1,837
2BR$1,8200.0%$1,638–$2,002
3BR$2,170−1.8%$1,953–$2,387
4BR$3,030−0.7%$2,727–$3,333

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28715
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,450$1,670$1,820$2,170$3,030
FY 2026$1,420$1,660$1,820$2,210$3,050
FY 2025$1,290$1,350$1,520$1,950$2,570
FY 2024$1,330$1,400$1,570$2,020$2,660
FY 2023$1,130$1,150$1,300$1,730$2,210

Two-bedroom rent in nearby Buncombe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28715
28701$1,660−8.8%
28704$2,070+13.7%
28709$2,170+19.2%
28711$1,810−0.5%
28714$1,660−8.8%
28715Current$1,820—
28716$1,660−8.8%
28721$1,660−8.8%
28728$1,950+7.1%
28730$1,700−6.6%
28732$1,870+2.7%
28746$1,660−8.8%

Questions about ZIP 28715 rents

How much will Section 8 pay for a two-bedroom in ZIP 28715?

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 $1,820 it would be $1,638 to $2,002. 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 ZIP 28715 in?

ZIP 28715 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 ZIP 28715 for FY 2027?

The two-bedroom FMR was unchanged at $1,820 in FY 2027. Since FY 2023 it has risen 40.0%.

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 rentCandler, NC fair market rentNC statewide rentsWhat is SAFMR?Data sources