Buncombe County, NC

2024 Fair Market Rents

Tags: 2024 Asheville, NC HUD Metro FMR Area

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Return to the state page to see where North Carolina ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Buncombe County are Morganton, Asheville, Hendersonville, and Candler. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Buncombe County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Buncombe County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Buncombe County compare?

Buncombe County ($1,680) has a 55.1% higher FMR for 2-Bedroom housing than the average of North Carolina ($1,083) and therefore a higher gross rent.

Buncombe County is rank 1st out of 100 counties. This means the FMRs, or in other words, the gross rent is higher than all other counties. Buncombe County is the most expensive county in terms of FMRs.

Rent Tables Buncombe County, NC

Fair Market Rent (40th Percentile)

$1,428
studio
$1,496
1-Bedroom
$1,680
2-Bedroom
$2,160
3-Bedroom
$2,851
4-Bedroom

Median Rent (50th Percentile)

$1,496
studio
$1,569
1-Bedroom
$1,761
2-Bedroom
$2,264
3-Bedroom
$2,988
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
28655 $1,150 $1,170 $1,320 $1,760 $2,250
28701 $1,460 $1,530 $1,720 $2,210 $2,920
28704 $1,660 $1,740 $1,950 $2,510 $3,310
28709 $1,280 $1,340 $1,510 $1,930 $2,560
28711 $1,240 $1,300 $1,460 $1,880 $2,480
28714 $1,240 $1,300 $1,470 $1,880 $2,490
28715 $1,330 $1,400 $1,570 $2,020 $2,660
28716 $1,150 $1,170 $1,320 $1,760 $2,250
28721 $1,150 $1,170 $1,320 $1,760 $2,250
28728 $1,490 $1,560 $1,750 $2,250 $2,970
28730 $1,150 $1,180 $1,330 $1,760 $2,260
28732 $1,500 $1,580 $1,770 $2,280 $3,000
28748 $1,150 $1,200 $1,350 $1,760 $2,290
28753 $1,150 $1,170 $1,320 $1,760 $2,250
28757 $1,240 $1,300 $1,460 $1,880 $2,480
28759 $1,500 $1,570 $1,760 $2,260 $2,990
28762 $1,490 $1,560 $1,750 $2,250 $2,970
28770 $1,490 $1,560 $1,750 $2,250 $2,970
28776 $1,490 $1,560 $1,750 $2,250 $2,970
28778 $1,270 $1,330 $1,490 $1,920 $2,530
28787 $1,350 $1,420 $1,590 $2,040 $2,700
28791 $1,270 $1,340 $1,500 $1,930 $2,550
28792 $1,210 $1,260 $1,420 $1,830 $2,410
28801 $1,660 $1,740 $1,950 $2,510 $3,310
28802 $1,490 $1,560 $1,750 $2,250 $2,970
28803 $1,830 $1,920 $2,150 $2,760 $3,650
28804 $1,760 $1,840 $2,070 $2,660 $3,510
28805 $1,410 $1,480 $1,660 $2,130 $2,820
28806 $1,440 $1,510 $1,690 $2,170 $2,870
28813 $1,490 $1,560 $1,750 $2,250 $2,970
28814 $1,490 $1,560 $1,750 $2,250 $2,970
28815 $1,490 $1,560 $1,750 $2,250 $2,970
28816 $1,490 $1,560 $1,750 $2,250 $2,970
28715 $1,330 $1,400 $1,570 $2,020 $2,660
28716 $1,150 $1,170 $1,320 $1,760 $2,250
28721 $1,150 $1,170 $1,320 $1,760 $2,250
28655 $1,150 $1,170 $1,320 $1,760 $2,250
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
28655 $1,035 $1,053 $1,188 $1,584 $2,025
28701 $1,314 $1,377 $1,548 $1,989 $2,628
28704 $1,494 $1,566 $1,755 $2,259 $2,979
28709 $1,152 $1,206 $1,359 $1,737 $2,304
28711 $1,116 $1,170 $1,314 $1,692 $2,232
28714 $1,116 $1,170 $1,323 $1,692 $2,241
28715 $1,197 $1,260 $1,413 $1,818 $2,394
28716 $1,035 $1,053 $1,188 $1,584 $2,025
28721 $1,035 $1,053 $1,188 $1,584 $2,025
28728 $1,341 $1,404 $1,575 $2,025 $2,673
28730 $1,035 $1,062 $1,197 $1,584 $2,034
28732 $1,350 $1,422 $1,593 $2,052 $2,700
28748 $1,035 $1,080 $1,215 $1,584 $2,061
28753 $1,035 $1,053 $1,188 $1,584 $2,025
28757 $1,116 $1,170 $1,314 $1,692 $2,232
28759 $1,350 $1,413 $1,584 $2,034 $2,691
28762 $1,341 $1,404 $1,575 $2,025 $2,673
28770 $1,341 $1,404 $1,575 $2,025 $2,673
28776 $1,341 $1,404 $1,575 $2,025 $2,673
28778 $1,143 $1,197 $1,341 $1,728 $2,277
28787 $1,215 $1,278 $1,431 $1,836 $2,430
28791 $1,143 $1,206 $1,350 $1,737 $2,295
28792 $1,089 $1,134 $1,278 $1,647 $2,169
28801 $1,494 $1,566 $1,755 $2,259 $2,979
28802 $1,341 $1,404 $1,575 $2,025 $2,673
28803 $1,647 $1,728 $1,935 $2,484 $3,285
28804 $1,584 $1,656 $1,863 $2,394 $3,159
28805 $1,269 $1,332 $1,494 $1,917 $2,538
28806 $1,296 $1,359 $1,521 $1,953 $2,583
28813 $1,341 $1,404 $1,575 $2,025 $2,673
28814 $1,341 $1,404 $1,575 $2,025 $2,673
28815 $1,341 $1,404 $1,575 $2,025 $2,673
28816 $1,341 $1,404 $1,575 $2,025 $2,673
28715 $1,197 $1,260 $1,413 $1,818 $2,394
28716 $1,035 $1,053 $1,188 $1,584 $2,025
28721 $1,035 $1,053 $1,188 $1,584 $2,025
28655 $1,035 $1,053 $1,188 $1,584 $2,025
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
28655 $1,265 $1,287 $1,452 $1,936 $2,475
28701 $1,606 $1,683 $1,892 $2,431 $3,212
28704 $1,826 $1,914 $2,145 $2,761 $3,641
28709 $1,408 $1,474 $1,661 $2,123 $2,816
28711 $1,364 $1,430 $1,606 $2,068 $2,728
28714 $1,364 $1,430 $1,617 $2,068 $2,739
28715 $1,463 $1,540 $1,727 $2,222 $2,926
28716 $1,265 $1,287 $1,452 $1,936 $2,475
28721 $1,265 $1,287 $1,452 $1,936 $2,475
28728 $1,639 $1,716 $1,925 $2,475 $3,267
28730 $1,265 $1,298 $1,463 $1,936 $2,486
28732 $1,650 $1,738 $1,947 $2,508 $3,300
28748 $1,265 $1,320 $1,485 $1,936 $2,519
28753 $1,265 $1,287 $1,452 $1,936 $2,475
28757 $1,364 $1,430 $1,606 $2,068 $2,728
28759 $1,650 $1,727 $1,936 $2,486 $3,289
28762 $1,639 $1,716 $1,925 $2,475 $3,267
28770 $1,639 $1,716 $1,925 $2,475 $3,267
28776 $1,639 $1,716 $1,925 $2,475 $3,267
28778 $1,397 $1,463 $1,639 $2,112 $2,783
28787 $1,485 $1,562 $1,749 $2,244 $2,970
28791 $1,397 $1,474 $1,650 $2,123 $2,805
28792 $1,331 $1,386 $1,562 $2,013 $2,651
28801 $1,826 $1,914 $2,145 $2,761 $3,641
28802 $1,639 $1,716 $1,925 $2,475 $3,267
28803 $2,013 $2,112 $2,365 $3,036 $4,015
28804 $1,936 $2,024 $2,277 $2,926 $3,861
28805 $1,551 $1,628 $1,826 $2,343 $3,102
28806 $1,584 $1,661 $1,859 $2,387 $3,157
28813 $1,639 $1,716 $1,925 $2,475 $3,267
28814 $1,639 $1,716 $1,925 $2,475 $3,267
28815 $1,639 $1,716 $1,925 $2,475 $3,267
28816 $1,639 $1,716 $1,925 $2,475 $3,267
28715 $1,463 $1,540 $1,727 $2,222 $2,926
28716 $1,265 $1,287 $1,452 $1,936 $2,475
28721 $1,265 $1,287 $1,452 $1,936 $2,475
28655 $1,265 $1,287 $1,452 $1,936 $2,475

Fair Market Rents on this page apply to the following cities in Buncombe County, North Carolina: Morganton, Asheville, Hendersonville, Candler, Weaverville, Arden, Canton, Fletcher, Burnsville, Black Mountain, Leicester, Marshall, Clyde, Fairview, Swannanoa, Old Fort, Mills River, Alexander, Barnardsville, and Enka.

These Fair Market Rents also apply to the following ZIP codes in Buncombe County, North Carolina: 28655, 28806, 28803, 28792, 28715, 28787, 28804, 28704, 28716, 28732, 28805, 28714, 28791, 28711, 28748, 28801, 28753, 28721, 28730, and 28778.

Buncombe County, NC is considered part of the following metro FMR area: ASHEVILLE, NC HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Henderson County, NC, and Madison County, NC.

More on Buncombe County, NC

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Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.