Rent by ZIP ·
Rent in Penland, NC 28765
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,010 (+8.6% vs FY2026).
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $770 | $700 | +10% | $693–847 | – |
| 1 bedroom | $770 | $710 | +8.5% | $693–847 | – |
| 2 bedrooms | $1,010 | $930 | +8.6% | $909–1,111 | – |
| 3 bedrooms | $1,210 | $1,140 | +6.1% | $1,089–1,331 | – |
| 4 bedrooms | $1,330 | $1,230 | +8.1% | $1,197–1,463 | – |
Small Area FMRs for the Mitchell County, NC. 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 Mitchell County, NC, 2 bedrooms: $1,012.
The Census doesn't publish reliable rent figures for this ZIP code, usually because few homes here are rented.
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 28766 | Penrose | $1,660 | $1,417 |
| 28763 | Otto | $1,010 | – |
| 28762 | Old Fort | $1,660 | $1,003 |
| 28768 | Pisgah Forest | $1,660 | $824 |
| 28761 | Nebo | $1,170 | $1,124 |
| 28759 | Mills River | $2,270 | $1,023 |
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.