FY2027 Small Area FMR · Blowing Rock, NC

ZIP 28605 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28605 (Blowing Rock, NC) is $1,330 a month, up 10.8% from FY2026. That is 16% above the Hickory-Lenoir-Morganton, NC area-wide FMR of $1,147.

2-bedroom SAFMR$1,330per month ▲ 10.8%

Area-wide 2 BR FMR$1,147Hickory-Lenoir-Morganton, NC

Rank in the area5thof 43 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,197

2 BR Small Area FMR$1,330

110% of SAFMR$1,463

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$930▲ 10.7%

1 BR$1,140▲ 12.9%

2 BR$1,330▲ 10.8%

3 BR$1,760▲ 14.3%

4 BR$2,220▲ 10.4%

FY2027 FY2026

Where 28605 sits in the Hickory-Lenoir-Morganton, NC area

Of the 43 ZIP codes HUD lists for the area, 28605 has the 5th highest two-bedroom Small Area FMR. Hickory-Lenoir-Morganton, NC is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,147 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,330 for this ZIP code instead.

ZIP code 28605 crosses more than one HUD area. HUD also lists it under Avery County, NC (same figures) and Watauga County, NC (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$930	$837 – $1,023	$961	$840
1 bedroom	$1,140	$1,026 – $1,254	$965	$1,010
2 bedrooms	$1,330	$1,197 – $1,463	$1,147	$1,200
3 bedrooms	$1,760	$1,584 – $1,936	$1,399	$1,540
4 bedrooms	$2,220	$1,998 – $2,442	$1,707	$2,010

A household renting a two-bedroom home at the Small Area FMR of $1,330 needs about $53,200 a year to keep housing costs at 30% of income. The area median family income is $85,200 and the 80% low-income limit for four people is $68,150. ZIP code 28605 lies mainly in Watauga County, Caldwell County and Avery County. See the Hickory-Lenoir-Morganton, NC metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28607	Boone	6.5 mi	$1,340
28611	Collettsville	8.5 mi	$1,100
28604	Banner Elk	9.3 mi	$1,170
28646	Linville	9.3 mi	$1,120
28618	Deep Gap	11.3 mi	$1,320
28692	Vilas	11.4 mi	$1,200

Questions

What is the Fair Market Rent for ZIP code 28605?

HUD's FY2027 Small Area Fair Market Rents for 28605 are $930 (studio), $1,140 (1 BR), $1,330 (2 BR), $1,760 (3 BR) and $2,220 (4 BR) a month.

What is the Section 8 payment standard in 28605?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28605 that range is $1,197 to $1,463 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28605?

The FY2026 income limits of the Hickory-Lenoir-Morganton, NC area apply: median family income $85,200, low-income (80%) limit $68,150 for a family of four.