Skip to main content
Loading page

28810

ZIPFMR
Buncombe County, NC
Loading Investment Score

ZIP Investment Score

-- 

095130300
BRFMR
Eff. Rent
0 BR$1,482$1,260
1 BR$1,714$1,310
2 BR$1,866$1,960
3 BR$2,223$2,340
4 BR$3,109$3,180
5 BR$3,575Not available
6 BR$4,112Not available
7 BR$4,728Not available
8 BR$5,438Not available

Purchase Price Calculator

Maximum purchase price
$229,339

Cost breakdown

+Likely effective rent$1,960
HUD FMR$1,866
Market rent$2,010
Est. payment standard (105%)Used$1,960
-Principal and interest-$1,160
Loan amount$183,471
Down payment$45,868
Rate6.50%
Term30 years
-Operating costs-$600
Property taxes-$229
Insurance-$175
Utilities$0
HOA$0
Management-$196
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,407(68.5% ROI)
Projected value
$246,973
Return breakdown
Property appreciation+$17,634
Loan principal paid down+$6,573
Rental cash flow+$7,200
5-year hold
+$53,859(117.4% ROI)
Projected value
$259,476
Return breakdown
Property appreciation+$30,137
Loan principal paid down+$11,722
Rental cash flow+$12,000
10-year hold
+$116,166(253.3% ROI)
Projected value
$293,573
Return breakdown
Property appreciation+$64,234
Loan principal paid down+$27,931
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.18
1 BR
1.31
2 BR
0.93
3 BR
0.92
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28810 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 28810 (Asheville, NC) is $1,866 a month. That is up 19.1% from $1,567 in FY 2026. Asheville is in the Asheville, NC MSA. The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28810 is 63% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28810
BedroomsFY 2027Change90–110% range
Studio$1,482+20.8%$1,334–$1,630
1BR$1,714+19.9%$1,543–$1,885
2BR$1,866+19.1%$1,679–$2,053
3BR$2,223+16.7%$2,001–$2,445
4BR$3,109+18.3%$2,798–$3,420

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28810
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,482$1,714$1,866$2,223$3,109
FY 2026$1,227$1,429$1,567$1,905$2,629
FY 2025$1,286$1,347$1,512$1,944$2,566
FY 2024$1,428$1,496$1,680$2,160$2,851
FY 2023SAFMR$1,330$1,350$1,530$2,030$2,610

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Questions about ZIP 28810 rents

How much will Section 8 pay for a two-bedroom in ZIP 28810?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,866, that basic range is $1,679 to $2,053 a month. 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 28810 in?

ZIP 28810 is in the Asheville, NC MSA. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 28810 for FY 2027?

The two-bedroom FMR rose 19.1%, from $1,567 in FY 2026 to $1,866 in FY 2027. Since FY 2024 it has risen 11.1%.

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 Fair Market Rents. 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