Housing market/North Carolina/ZIP 28754

ACS 2023 · FY2027 SAFMR

ZIP 28754 Mars Hill, Yancey County, North Carolina

Yancey County, NC · North Carolina. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
9,897
Households
3,407
Median HH income
$68,750
Renter share
23.7%
Median gross rent
$841
Vacancy
23.6%
Pop. change
-2.4%
2BR SAFMR
$1,660
SAFMR / rent
1.974×
2–49 unit stock
511
LIHTC proj / units
1 / 48
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 28754 · NC — sent to you.

ZIP 28754 · NC

ACS median rent$841
2BR SAFMR$1,660
90% floor$1,494
110% ceiling$1,826

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 28754

  • 1-unit detached3,25272.9%
  • 1-unit attached280.6%
  • 2–4 units3137.0%
  • 5–49 units1984.4%
  • 50+ units270.6%
  • Mobile64214.4%
TypeUnitsShare
1-unit detached3,25272.9%
1-unit attached280.6%
2 units (duplex)771.7%
3–4 units2365.3%
5–9 units420.9%
10–19 units1473.3%
20–49 units90.2%
50+ units270.6%
Mobile64214.4%

2–4 unit share 7.0% · 5–49 unit share 4.4% · combined 2–49 11.5%.

Units by bedrooms

Studio
17
1BR
285
2BR
1,197
3BR
2,231
4BR
652
5+
78

Rent burden

Rent ≥30% of income31.5%
Rent ≥50% of income15.5%
  • ACS median gross rent $841 (all bedrooms, occupied rentals).
  • Median contract rent $725.
  • Renters paying ≥30% of income 31.5%; ≥50% 15.5%.
  • FY2027 2BR SAFMR $1,660 (1.974× ACS median gross rent).

Population

9,897 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -2.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 48 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 28754 23.7% of occupied households are renters; vacancy is 23.6%; ACS median gross rent is $841; population changed -2.4% between the 2018 and 2023 ACS vintages; the housing stock includes 313 units in 2–4-unit structures and 198 units in 5–49-unit structures; 1 LIHTC projects totaling 48 units; FY2027 2BR SAFMR is $1,660 versus ACS median gross rent of $841. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

North Carolina research

ZIP 28754 is a Census / HUD profile for Yancey County, NC. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is North Carolina research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 28754?

ZIP 28754 (Yancey County, NC) has 9,897 residents, 3,407 households, a renter share of 23.7%, median household income of $68,750, and ACS 2023 median gross rent of $841. Vacancy is 23.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 28754?

ACS counts 77 units in 2-unit buildings, 236 in 3–4 unit buildings, 42 in 5–9, 147 in 10–19, and 9 in 20–49. Combined 2–49 unit stock is 511 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 28754?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,660. See the full schedule and 90–110% payment-standard band on the ZIP 28754 — Mars Hill, NC HUD Section 8 Payment Standards / SAFMR.

Does this North Carolina ZIP profile include Georgia listings?

No. ZIP 28754 is Census / HUD research for Yancey County, NC. Jeff Crowe CRE does not list North Carolina property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.