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 |
The ZIP code 28662, located in Avery County, North Carolina, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the 40th percentile in the 28662 metro area for fiscal year 2026 is set at $950. Given the lack of specific market data for median home values and median income, it is prudent to focus on the guaranteed rental income provided by the Section 8 program.
The stability of Section 8 rents ensures a consistent cash flow, making it an ideal choice for landlords and small-portfolio investors looking to mitigate financial risks. In ZIP 28662, the FMR aligns well with the needs of low-income families, ensuring a steady tenant base. This predictability can help stabilize a portfolio's overall performance, especially when balanced with higher-risk investments in areas with greater market volatility.
Furthermore, the natural hazard risks in ZIP 28662, including a major flood risk and moderate wildfire risk, highlight the importance of having a diversified investment strategy. These risks can be offset by the guaranteed income stream from Section 8, providing a buffer against potential losses due to property damage or vacancy caused by disasters.
In summary, ZIP 28662 is best suited as a cash-flow anchor in a Section 8 portfolio strategy, leveraging the stability of government-backed rental income to ensure consistent returns and protect against market fluctuations and natural hazards.
Data Sources: FMR data from HUD (2027).
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.