FY2026 Fair Market Rents — Madison County
Studio
$1,436
1BR
$1,674
2BR
$1,835
3BR
$2,231
4BR
$3,078
Madison County, North Carolina
FIPS 37115 · County-level FMR and income limit data
FMR Area: Asheville, NC HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,436 | $17,232 |
| 1-Bedroom | $1,674 | $20,088 |
| 2-Bedroom | $1,835 | $22,020 |
| 3-Bedroom | $2,231 | $26,772 |
| 4-Bedroom | $3,078 | $36,936 |
To afford the FY2026 2-bedroom FMR of $1,835/mo under the 30%-of-income rule, a household needs about
$73,400/yr ($6,117/mo). Area Median Income is $103,200.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 195 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,436 | $1,674 | $1,835 | $2,231 | $3,078 |
| FY2025 | $1,286 | $1,347 | $1,512 | $1,944 | $2,566 |
| FY2024 | $1,428 | $1,496 | $1,680 | $2,160 | $2,851 |
| FY2023 | $1,270 | $1,298 | $1,466 | $1,949 | $2,497 |
| FY2022 | $1,188 | $1,209 | $1,378 | $1,879 | $2,359 |
| FY2021 | $1,096 | $1,099 | $1,279 | $1,751 | $2,213 |
| FY2020 | $1,039 | $1,045 | $1,255 | $1,717 | $2,203 |
FY2026 Income Limits
Area Median Income: $103,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,500 | $24,600 | $27,650 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $35,850 | $40,950 | $46,050 | $51,200 | $55,300 | $59,400 |
| 80% AMI | $57,350 | $65,550 | $73,750 | $81,900 | $88,500 | $95,050 |