Location: Asheville, NC | Metro: Asheville, NC MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,350 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,700 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,830 |
| 5 Bedrooms | $3,283 |
| 6 Bedrooms | $3,677 |
| 7 Bedrooms | $3,971 |
| 8 Bedrooms | $4,170 |
U.S. Census Bureau data (2024)
ZIP code 28758 has a population of 41 residents, with 0.0% of them being renters. This indicates that the area is predominantly owner-occupied, suggesting that the number of Section 8 vouchers in circulation will be limited. The scarcity of renters implies that landlords in this ZIP code might not see a high volume of applications from tenants using housing choice vouchers.
The median household income for ZIP 28758 is not available, which makes it difficult to provide an exact percentage of local income that goes towards rent. However, given the homeowner-dominated nature of the area, it can be inferred that rental properties are likely to be few and far between, and therefore, the market rent for these properties is also not available.
To put this into context, the Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1560. Without specific data on local income, we cannot accurately calculate the proportion of income that would typically go towards rent. However, if we assume that the FMR reflects the general rental market, then landlords should consider this figure when setting their own rents to remain competitive and attractive to potential voucher holders.
In terms of tenant profiles, landlords in ZIP 28758 should expect a smaller pool of applicants using Section 8 vouchers. Tenants who do apply are likely to have incomes that align closely with the eligibility requirements for the program, which generally limits total household income to no more than 50% of the area's median income. Given the homeowner-dominated landscape, successful applicants might also be newcomers to the area or those transitioning from other housing assistance programs.
Due to the limited rental market, landlords should be prepared to offer competitive amenities and maintenance standards to attract and retain tenants, especially those relying on vouchers for housing support.
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.