Rent by ZIP · Watauga County
Rent in Banner Elk, NC 28604
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,170 (+1.7% vs FY2026). Renters in this ZIP code pay a median $991 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $850 | $800 | +6.3% | $765–935 | – |
| 1 bedroom | $940 | $910 | +3.3% | $846–1,034 | $915 ±$487 |
| 2 bedrooms | $1,170 | $1,150 | +1.7% | $1,053–1,287 | $1,040 ±$282 |
| 3 bedrooms | $1,550 | $1,400 | +10.7% | $1,395–1,705 | $1,087 ±$128 |
| 4 bedrooms | $1,850 | $1,930 | -4.1% | $1,665–2,035 | – |
Small Area FMRs for the Watauga County, NC. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Watauga County, NC, 2 bedrooms: $1,311.
What renters pay in 28604
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 28605 | Blowing Rock | $1,330 | $1,121 |
| 28602 | Hickory | $1,250 | $964 |
| 28606 | Boomer | $1,070 | – |
| 28601 | Hickory | $1,320 | $1,011 |
| 28607 | Boone | $1,340 | $1,209 |
| 28609 | Catawba | $1,520 | $1,359 |
Fair Market Rents across Watauga County, NC · All NC counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.