FY2027 Small Area FMR · Asheville, NC

ZIP 28806 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 28806 (Asheville, NC) is $1,850 a month, down 1.6% from FY2026. That is 1% below the Asheville, NC area-wide FMR of $1,866.

2-bedroom SAFMR$1,850per month ▼ 1.6%

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

Rank in the area18thof 54 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,665

2 BR Small Area FMR$1,850

110% of SAFMR$2,035

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

Studio$1,470■ 0.0%

1 BR$1,700▼ 1.2%

2 BR$1,850▼ 1.6%

3 BR$2,200▼ 3.9%

4 BR$3,080▼ 2.2%

FY2027 FY2026

Where 28806 sits in the Asheville, NC area

Of the 54 ZIP codes HUD lists for the area, 28806 has the 18th 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 $1,850 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	$1,470	$1,323 – $1,617	$1,482	$1,470
1 bedroom	$1,700	$1,530 – $1,870	$1,714	$1,720
2 bedrooms	$1,850	$1,665 – $2,035	$1,866	$1,880
3 bedrooms	$2,200	$1,980 – $2,420	$2,223	$2,290
4 bedrooms	$3,080	$2,772 – $3,388	$3,109	$3,150

A household renting a two-bedroom home at the Small Area FMR of $1,850 needs about $74,000 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 28806 lies mainly in 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
28801	Asheville	3.5 mi	$1,960
28803	Asheville	5.9 mi	$2,190
28804	Asheville	6.0 mi	$2,140
28715	Candler	6.8 mi	$1,820
28704	Arden	8.1 mi	$2,070
28805	Asheville	8.5 mi	$1,890

Questions

What is the Fair Market Rent for ZIP code 28806?

HUD's FY2027 Small Area Fair Market Rents for 28806 are $1,470 (studio), $1,700 (1 BR), $1,850 (2 BR), $2,200 (3 BR) and $3,080 (4 BR) a month.

What is the Section 8 payment standard in 28806?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 28806 that range is $1,665 to $2,035 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 28806?

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.