Location: Surry County, NC | Metro: Surry County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 27007 stands out in its county with a unique mix of characteristics that influence its rental market dynamics. With a population of 2,095 residents, it has a relatively low density, where 21.6% of the residents are renters. The median household income here is $77,163, indicating a middle-class community. The median home value is significantly higher at $284,247, suggesting that homeownership is a significant part of the local economy.
Moving into the specifics of the voucher economics, the Fair Market Rent (FMR) for ZIP 27007 in fiscal year 2026 is set at $980. This is notably above the current market rent, which is recorded at $798 according to the Census ACS. For landlords and small-portfolio investors, this means that Section 8 vouchers can provide a more stable and reliable source of income compared to the local market rates, as they are typically higher.
The data signature for ZIP 27007 reads as "stable." The relatively high median home value alongside a moderate percentage of renters suggests a balanced market. While the number of renters is not overwhelming, the disparity between the FMR and market rent presents an opportunity for landlords who can leverage the Section 8 program to attract tenants and ensure consistent rental income.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.