FY2027 Small Area FMR · Franklin, NC

ZIP 28744 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28744 (Franklin, NC) is $1,020 a month, up 3.0% from FY2026. That is 0% equal to the Macon County, NC area-wide FMR of $1,015.

2-bedroom SAFMR$1,020per month ▲ 3.0%

Area-wide 2 BR FMR$1,015Macon County, NC

Rank in the area4thof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$710▲ 4.4%

1 BR$850▲ 2.4%

2 BR$1,020▲ 3.0%

3 BR$1,240▲ 4.2%

4 BR$1,340▲ 0.8%

FY2027 FY2026

Where 28744 sits in the Macon County, NC area

Of the 9 ZIP codes HUD lists for the area, 28744 has the 4th highest two-bedroom Small Area FMR. Macon 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 $1,015 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 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	$710	$639 – $781	$707	$680
1 bedroom	$850	$765 – $935	$851	$830
2 bedrooms	$1,020	$918 – $1,122	$1,015	$990
3 bedrooms	$1,240	$1,116 – $1,364	$1,236	$1,190
4 bedrooms	$1,340	$1,206 – $1,474	$1,335	$1,330

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $79,100 and the 80% low-income limit for four people is $63,300. ZIP code 28744 lies mainly in Macon County. See the Macon County, NC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
28734	Franklin	1.8 mi	$1,010
28775	Scaly Mountain	11.6 mi	$1,250
28763	Otto	11.6 mi	$1,010
28741	Highlands	13.0 mi	$1,290
28788	Webster	14.6 mi	$1,490
28725	Dillsboro	14.6 mi	$1,180

Questions

What is the Fair Market Rent for ZIP code 28744?

HUD's FY2027 Small Area Fair Market Rents for 28744 are $710 (studio), $850 (1 BR), $1,020 (2 BR), $1,240 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 28744?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28744 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28744?

The FY2026 income limits of the Macon County, NC area apply: median family income $79,100, low-income (80%) limit $63,300 for a family of four.