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RentData.org Logo Asheville Fair Market Rent FY 2023 Asheville, NC HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Asheville, NC :
$1,270 $1,298 $1,466 $1,949 $2,497
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Asheville are very high compared to the national average. This FMR area is more expensive than 96% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Asheville is $1,466 per month.

The previous year, rent for a two-bedroom home was $1,152 per month. This is a 27.26% increase year-over-year.

This FMR rate applies to Ridgecrest, NC, Montreat, NC, Skyland, NC, Enka, NC, Barnardsville, NC, Alexander, NC, Mills River, NC, Old Fort, NC, Swannanoa, NC, Fairview, NC and other cities within the region. The Metro Code or CBSA code for this region is METRO11700M11700.

Additionally, This Fair Market Rent (FMR) area Asheville, NC HUD Metro FMR Area spans one county or city in North Carolina which is listed in the table below. Estimated population of Asheville, NC HUD Metro FMR Area FMR area is 259,576 people based on latest Census data.

Compared to the rest of North Carolina, the Asheville FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Asheville. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Asheville

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1331
1-BR 1-Bedroom $ 1361
2-BR 2-Bedroom $ 1537
3-BR 3-Bedroom $ 2044
4-BR 4-Bedroom $ 2618
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Asheville, NC HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Charlotte and Greenvll - Spart - Ashevll - And.

County / Region Est. Population
Asheville, NC Metro 259,576
Zip Codes in Asheville, NC HUD Metro FMR Area

There are 34 unique zip codes in this Fair Market Rent (FMR) area:

28655, 28701, 28704, 28709, 28711, 28714, 28715, 28716, 28721, 28728, 28730, 28732, 28748, 28753, 28757, 28759, 28762, 28770, 28776, 28778, 28787, 28791, 28792, 28801, 28802, 28803, 28804, 28805, 28806, 28810, 28813, 28814, 28815 and 28816

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What's Next?

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