FY2027 Small Area FMR · Gerton, NC

ZIP 28735 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28735 (Gerton, NC) is $1,690 a month, up 5.0% from FY2026. That is 9% below the Asheville, NC area-wide FMR of $1,866.

2-bedroom SAFMR$1,690per month ▲ 5.0%

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

Rank in the area32ndof 54 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,521

2 BR Small Area FMR$1,690

110% of SAFMR$1,859

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

Studio$1,340▲ 6.3%

1 BR$1,550▲ 5.4%

2 BR$1,690▲ 5.0%

3 BR$2,020▲ 3.1%

4 BR$2,820▲ 4.1%

FY2027 FY2026

Where 28735 sits in the Asheville, NC area

Of the 54 ZIP codes HUD lists for the area, 28735 has the 32nd 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 $1,690 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	$1,340	$1,206 – $1,474	$1,482	$1,260
1 bedroom	$1,550	$1,395 – $1,705	$1,714	$1,470
2 bedrooms	$1,690	$1,521 – $1,859	$1,866	$1,610
3 bedrooms	$2,020	$1,818 – $2,222	$2,223	$1,960
4 bedrooms	$2,820	$2,538 – $3,102	$3,109	$2,710

A household renting a two-bedroom home at the Small Area FMR of $1,690 needs about $67,600 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 28735 lies mainly in Henderson 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
28730	Fairview	3.3 mi	$1,700
28710	Bat Cave	3.9 mi	$1,680
28732	Fletcher	5.6 mi	$1,870
28720	Chimney Rock	5.7 mi	$1,520
28792	Hendersonville	6.5 mi	$1,690
28711	Black Mountain	9.5 mi	$1,810

Questions

What is the Fair Market Rent for ZIP code 28735?

HUD's FY2027 Small Area Fair Market Rents for 28735 are $1,340 (studio), $1,550 (1 BR), $1,690 (2 BR), $2,020 (3 BR) and $2,820 (4 BR) a month.

What is the Section 8 payment standard in 28735?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28735 that range is $1,521 to $1,859 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28735?

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.