FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR
0.96ratio
FMR$2,320
Market$2,410
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR
1.01ratio
FMR$3,250
Market$3,220
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.01
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 28815 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28815 (Asheville, NC) is $1,950 a month. That is up 1.6% from $1,920 in FY 2026. Asheville 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, 28815 is tied for the 7th-highest two-bedroom rent (county range $1,660–$2,270). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28815 is 70% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 28815
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 28815
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
Two-bedroom rent in nearby Buncombe County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 28815?
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 ZIP 28815 in?
ZIP 28815 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 28815 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