FY2027 Small Area FMR · Fletcher, NC

ZIP 28732 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28732 (Fletcher, NC) is $1,870 a month, up 0.5% from FY2026. That is 0% equal to the Asheville, NC area-wide FMR of $1,866.

2-bedroom SAFMR$1,870per month ▲ 0.5%

Area-wide 2 BR FMR$1,866Asheville, NC

Rank in the area17thof 54 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,683

2 BR Small Area FMR$1,870

110% of SAFMR$2,057

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

Studio$1,480▲ 1.4%

1 BR$1,720▲ 1.2%

2 BR$1,870▲ 0.5%

3 BR$2,230▼ 1.3%

4 BR$3,120■ 0.0%

FY2027 FY2026

Where 28732 sits in the Asheville, NC area

Of the 54 ZIP codes HUD lists for the area, 28732 has the 17th highest two-bedroom Small Area FMR. Asheville, 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 $1,866 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,870 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	$1,480	$1,332 – $1,628	$1,482	$1,460
1 bedroom	$1,720	$1,548 – $1,892	$1,714	$1,700
2 bedrooms	$1,870	$1,683 – $2,057	$1,866	$1,860
3 bedrooms	$2,230	$2,007 – $2,453	$2,223	$2,260
4 bedrooms	$3,120	$2,808 – $3,432	$3,109	$3,120

A household renting a two-bedroom home at the Small Area FMR of $1,870 needs about $74,800 a year to keep housing costs at 30% of income. The area median family income is $103,200 and the 80% low-income limit for four people is $81,900. ZIP code 28732 lies mainly in Henderson County and Buncombe County. See the Asheville, NC metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28735	Gerton	5.6 mi	$1,690
28730	Fairview	5.9 mi	$1,700
28758	Mountain Home	6.2 mi	$1,700
28792	Hendersonville	6.3 mi	$1,690
28803	Asheville	7.0 mi	$2,190
28791	Hendersonville	7.5 mi	$1,700

Questions

What is the Fair Market Rent for ZIP code 28732?

HUD's FY2027 Small Area Fair Market Rents for 28732 are $1,480 (studio), $1,720 (1 BR), $1,870 (2 BR), $2,230 (3 BR) and $3,120 (4 BR) a month.

What is the Section 8 payment standard in 28732?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28732 that range is $1,683 to $2,057 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28732?

The FY2026 income limits of the Asheville, NC area apply: median family income $103,200, low-income (80%) limit $81,900 for a family of four.