FY 2023 Fair Market Rent Documentation System

Final FY 2023 FMRs By Unit Bedrooms
	Efficiency	One-Bedroom	Two-Bedroom	Three-Bedroom	Four-Bedroom
	$751	$756	$995	$1,211	$1,530

Transylvania County, NC is a non-metropolitan county.

The FY 2023 Fair Market Rents for Transylvania County, NC are based on the results of a local rent survey conducted in November, 2021.

The locally conducted survey is more current than the available ACS data. Therefore HUD calculates the locally based survey 2-bedroom FMR using the following steps:

The local survey is adjusted to 2021 dollars by multiplying the survey rent value for 2021 by the annual CPI-based Gross Rent value for 2021 divided by the CPI-based Gross Rent value for November, 2021. This calculation is:
$927 * (192.675/196.803) =

$908
The CPI adjusted survey value of $908 is trended forward to the mid-point of FY2023 using the South Census region trend factor of 1.0963. This calculation is:
$908 * 1.0963 =

$995

Permanent link to this page: http://www.huduser.gov/portal/datasets/fmr/fmrs/FY2023_code/2023summary.odn?&year=2023&fmrtype=Final&selection_type=county&fips=3717599999

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