Location: Avery County, NC | Metro: Avery County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 28652 is not suitable for focusing on Section 8 tenants due to its characteristics. The population of 132 residents indicates a very small community, which inherently limits the number of potential tenants. Additionally, the reported 0.0% of renters suggests that this area is predominantly homeowner-dominated. With such a low percentage of renters, it's unlikely that there will be a significant demand for rental properties using Section 8 vouchers.
The median household income is listed as N/A, which makes it difficult to accurately assess the financial capacity of residents. However, given the homeowner-dominated nature of the area, we can infer that the majority of the population likely owns their homes rather than renting, further reducing the likelihood of encountering many Section 8 voucher holders.
Since the market rent is also listed as N/A, it's impossible to determine the exact percentage of local income that goes towards rent. Nevertheless, the Federal Market Rent (FMR) for the area is set at $950 for fiscal year 2026, indicating the maximum amount a Section 8 voucher holder could be expected to contribute towards rent in a metropolitan context. This figure serves as a benchmark but may not accurately reflect the actual rents in a non-metropolitan ZIP code like 28652.
A landlord in ZIP code 28652 should expect a tenant pool that is sparse and primarily composed of homeowners. The small size of the population combined with the lack of renters means that attracting tenants, especially those relying on Section 8 vouchers, would be challenging. Landlords might need to look beyond this ZIP code to find a larger and more diverse tenant pool.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.