Asheville, NC MSA · FY2026 area median income $103,200 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $358 | $537 | $717 | $896 | $1,075 | $1,254 | $1,434 |
| 1BR | $384 | $576 | $768 | $960 | $1,152 | $1,344 | $1,536 |
| 2BR | $460 | $690 | $921 | $1,151 | $1,381 | $1,611 | $1,842 |
| 3BR | $532 | $798 | $1,065 | $1,331 | $1,597 | $1,863 | $2,130 |
| 4BR | $594 | $891 | $1,188 | $1,485 | $1,782 | $2,079 | $2,376 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $21,510 | $35,850 | $43,020 | $57,360 |
| 2 persons | $24,570 | $40,950 | $49,140 | $65,520 |
| 3 persons | $27,630 | $46,050 | $55,260 | $73,680 |
| 4 persons | $30,720 | $51,200 | $61,440 | $81,920 |
| 5 persons | $33,180 | $55,300 | $66,360 | $88,480 |
| 6 persons | $35,640 | $59,400 | $71,280 | $95,040 |
| 7 persons | $38,100 | $63,500 | $76,200 | $101,600 |
| 8 persons | $40,530 | $67,550 | $81,060 | $108,080 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Madison County to see the sources and uses, bond test, DSCR, and funding gap using these rents.