FY2027 Small Area FMR · Balsam, NC

ZIP 28707 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28707 (Balsam, NC) is $1,090 a month, up 4.8% from FY2026. That is 5% above the Jackson County, NC area-wide FMR of $1,039.

2-bedroom SAFMR$1,090per month ▲ 4.8%

Area-wide 2 BR FMR$1,039Jackson County, NC

Rank in the area14thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$981

2 BR Small Area FMR$1,090

110% of SAFMR$1,199

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

Studio$940▲ 5.6%

1 BR$1,000▲ 6.4%

2 BR$1,090▲ 4.8%

3 BR$1,390▲ 5.3%

4 BR$1,570▲ 9.8%

FY2027 FY2026

Where 28707 sits in the Jackson County, NC area

Of the 14 ZIP codes HUD lists for the area, 28707 has the 14th highest two-bedroom Small Area FMR. Jackson County, 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 $1,039 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,090 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$940	$846 – $1,034	$916	$890
1 bedroom	$1,000	$900 – $1,100	$954	$940
2 bedrooms	$1,090	$981 – $1,199	$1,039	$1,040
3 bedrooms	$1,390	$1,251 – $1,529	$1,360	$1,320
4 bedrooms	$1,570	$1,413 – $1,727	$1,366	$1,430

A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $78,200 and the 80% low-income limit for four people is $62,650. ZIP code 28707 lies mainly in Jackson County. See the Jackson County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28786	Waynesville	6.2 mi	$1,310
28723	Cullowhee	6.5 mi	$1,110
28751	Maggie Valley	8.0 mi	$1,260
28779	Sylva	8.7 mi	$1,110
28788	Webster	9.3 mi	$1,490
28783	Tuckasegee	9.8 mi	$1,230

Questions

What is the Fair Market Rent for ZIP code 28707?

HUD's FY2027 Small Area Fair Market Rents for 28707 are $940 (studio), $1,000 (1 BR), $1,090 (2 BR), $1,390 (3 BR) and $1,570 (4 BR) a month.

What is the Section 8 payment standard in 28707?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28707 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28707?

The FY2026 income limits of the Jackson County, NC area apply: median family income $78,200, low-income (80%) limit $62,650 for a family of four.