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Buncombe County/Fairview/28730

28730

ZIPSAFMR
Buncombe County, NC
Zillow

ZIP Investment Score

54Below average

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,420
1 BR$1,560$1,500
2 BR$1,700$1,790
3 BR$2,030$2,230
4 BR$2,830$2,870
5 BR$3,254Not available
6 BR$3,743Not available
7 BR$4,304Not available
8 BR$4,950Not available

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMR$1,700
Market rent$1,840
Est. payment standard (105%)Used$1,790
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.92
1 BR
1.04
2 BR
0.92
3 BR
0.81
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28730 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28730 (Fairview, NC) is $1,700 a month. That is up 4.9% from $1,620 in FY 2026. Fairview 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, 28730 has the 21st-highest two-bedroom rent (county range $1,660–$2,270). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28730 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28730
BedroomsFY 2027Change90–110% range
Studio$1,350+6.3%$1,215–$1,485
1BR$1,560+5.4%$1,404–$1,716
2BR$1,700+4.9%$1,530–$1,870
3BR$2,030+3.0%$1,827–$2,233
4BR$2,830+4.0%$2,547–$3,113

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28730
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,560$1,700$2,030$2,830
FY 2026$1,270$1,480$1,620$1,970$2,720
FY 2025$1,290$1,350$1,520$1,950$2,570
FY 2024$1,150$1,180$1,330$1,760$2,260
FY 2023$1,070$1,090$1,250$1,700$2,130

Two-bedroom rent in nearby Buncombe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28730
28709$2,170+27.6%
28711$1,810+6.5%
28714$1,660−2.4%
28715$1,820+7.1%
28716$1,660−2.4%
28721$1,660−2.4%
28728$1,950+14.7%
28730Current$1,700—
28732$1,870+10.0%
28746$1,660−2.4%
28748$1,670−1.8%
28753$1,660−2.4%

Questions about ZIP 28730 rents

How much will Section 8 pay for a two-bedroom in ZIP 28730?

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 $1,700 it would be $1,530 to $1,870. 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 28730 in?

ZIP 28730 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 28730 for FY 2027?

The two-bedroom FMR rose 4.9%, from $1,620 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has risen 36.0%.

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