FY2027 Small Area FMR · Newland, NC

ZIP 28657 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28657 (Newland, NC) is $1,010 a month, up 6.3% from FY2026. That is 12% below the Hickory-Lenoir-Morganton, NC area-wide FMR of $1,147.

2-bedroom SAFMR$1,010per month ▲ 6.3%

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

Rank in the area34thof 43 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$780▲ 5.4%

1 BR$820▲ 6.5%

2 BR$1,010▲ 6.3%

3 BR$1,340▲ 10.7%

4 BR$1,530▲ 7.0%

FY2027 FY2026

Where 28657 sits in the Hickory-Lenoir-Morganton, NC area

Of the 43 ZIP codes HUD lists for the area, 28657 has the 34th 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 $1,010 for this ZIP code instead.

ZIP code 28657 crosses more than one HUD area. HUD also lists it under Avery County, NC (same figures), McDowell County, NC (same figures) and Mitchell 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	$780	$702 – $858	$961	$740
1 bedroom	$820	$738 – $902	$965	$770
2 bedrooms	$1,010	$909 – $1,111	$1,147	$950
3 bedrooms	$1,340	$1,206 – $1,474	$1,399	$1,210
4 bedrooms	$1,530	$1,377 – $1,683	$1,707	$1,430

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 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 28657 lies mainly in Avery County, Burke County and McDowell 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
28616	Crossnore	1.2 mi	$1,010
28662	Pineola	2.4 mi	$1,010
28653	Montezuma	3.7 mi	$1,010
28664	Plumtree	3.7 mi	$1,010
28641	Jonas Ridge	4.3 mi	$1,010
28652	Minneapolis	5.9 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 28657?

HUD's FY2027 Small Area Fair Market Rents for 28657 are $780 (studio), $820 (1 BR), $1,010 (2 BR), $1,340 (3 BR) and $1,530 (4 BR) a month.

What is the Section 8 payment standard in 28657?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28657 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28657?

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.