Location: Asheville, NC | Metro: Asheville, NC MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,550 |
| 1 Bedroom | $1,790 |
| 2 Bedrooms | $1,950 |
| 3 Bedrooms | $2,320 |
| 4 Bedrooms | $3,250 |
| 5 Bedrooms | $3,770 |
| 6 Bedrooms | $4,222 |
| 7 Bedrooms | $4,560 |
| 8 Bedrooms | $4,788 |
The ZIP code 28802 in Asheville County, North Carolina, stands out due to the lack of comprehensive demographic data, which includes the number of residents, the percentage of those renting, median income, and median home value. This scarcity of information can be attributed to the area's unique characteristics or limitations in data collection.
Moving onto the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 28802 has been set at $1750 for fiscal year 2024. It's important to note that without the exact market rent figures, it's challenging to provide a direct comparison between the FMR and the local rental market. However, the FMR serves as a guideline for landlords participating in the program, ensuring that rents remain affordable for low-income families.
The absence of detailed market data means that landlords and investors must rely on other sources to understand the local rental dynamics. Given the limited information available, the data signature for ZIP 28802 reads as transitional. This suggests that while the area might not have stable long-term trends, there could be significant changes occurring, making it a potentially dynamic investment opportunity for those willing to navigate the uncertainty.
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.