Section 8 Fair Market Rent (FMR) for ZIP 28664 - 2027

Location: Avery County, NC | Metro: Avery County, NC

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

79.4%

Renter Occupied

The ZIP code 28664, located in the heart of North Carolina, is characterized by its rural setting and small-town charm. This area offers a unique opportunity for real estate investors interested in properties that cater to low-income families, given its eligibility for the Housing Choice Voucher program, commonly known as Section 8.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $950, providing a benchmark for rental prices in the region.
The median home value in this ZIP code is currently N/A, indicating limited data on residential property values.
Renter share in ZIP 28664 stands at 0.0%, suggesting that homeownership is prevalent over renting.
The Days on Market (DOM) figure is listed as N/A, which means there isn't enough recent transaction data to determine how long homes typically stay on the market.
The median income for this ZIP code is also marked as N/A, making it difficult to assess the economic status of its residents without further investigation.

In summary, while the ZIP code 28664 presents opportunities for Section 8 investors due to its established Fair Market Rent, the lack of comprehensive data on median home values, renter share, days on market, and median income limits a full understanding of the local real estate market dynamics. Investors should proceed with caution, focusing on properties that align with the FMR and considering the strong inclination towards homeownership in the area. Further research into economic indicators and recent sales trends would be beneficial before making any investment decisions.

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.