Location: Transylvania County, NC | Metro: Transylvania County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
U.S. Census Bureau data (2024)
406,994 In ZIP code 28718, Brevard, NC, the median home value stands at $406,994, providing a solid base for real estate investments. 4.8 The renter share of the population is 4.8%, indicating a smaller but steady demand for rental properties. 74,031 With a median income of $74,031, tenants in this area have the financial stability to support rental payments. 1,280 However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,280, which is a critical figure for Section 8 landlords to consider when setting rents. N/A Despite the lack of specific data on market rent and days on market (DOM), the absence of significant price-cut shares suggests that property values are relatively stable. N/A The same can be said for the lack of detailed information on the percentage of price-cut shares, reinforcing the idea that the market is not experiencing drastic fluctuations. 406,994 For small-portfolio investors looking to enter the Brevard, NC, market, the combination of a high median home value and a modest renter share could present both opportunities and challenges. 1,280 Landlords must ensure their rental rates align with the $1,280 FMR to remain competitive and eligible for Section 8 subsidies. 74,031 Given the median income, tenants should be able to afford rents close to the FMR without undue financial strain. 4.8 However, with only 4.8% of the population being renters, securing long-term tenants might require strategic marketing and property management practices. 406,994 Overall, the strong median home value indicates a potentially lucrative market for those willing to invest in quality rental properties. 1,280 The verdict for Section 8 landlords in Brevard, NC, is cautiously positive, provided they adhere to the $1,280 FMR and focus on maintaining properties that meet the needs of stable, working-class tenants.
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.