Location: Winston-Salem, NC | Metro: Winston-Salem, NC HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $113,707 | 1.09% | B |
U.S. Census Bureau data (2024)
The market in ZIP 27014, Cooleemee, NC, is characterized by a median home value of $133,922. The Fair Market Rent (FMR) for the area, set at $1300 for fiscal year 2024, is notably higher than the reported market rent of $968, based on the latest Census American Community Survey (ACS) data. This suggests that the rental market is below the federally determined fair rent level, indicating potential upward pressure on rents if landlords seek to align their properties with the FMR.
The 27.5% renter share highlights a significant portion of the population that relies on rental housing, which can be indicative of long-term housing pressure. In markets with a high percentage of renters, there is often an ongoing need for affordable housing options, as many residents may not have the financial means to purchase homes. This dynamic can sustain demand for rental properties, making it a potentially stable investment for landlords and small-portfolio investors.
While the specific figures for price-cut share and days on market (DOM) are not available, the gap between the FMR and the actual market rent implies that the demand for rental housing may be outpacing the supply. Landlords who adjust their rents closer to the FMR could attract tenants willing to pay the higher rates, especially those who might be relocating from areas with stricter housing regulations or higher costs.
In summary, ZIP 27014 presents a market where the current rental prices are lower than the government's fair market assessment, suggesting room for adjustment. The substantial renter population indicates sustained demand for rental units, which can benefit investors looking for steady returns. However, without additional time-series data, it is clear that the dynamics are driven by the existing disparity between FMR and actual rents, alongside a notable renter share that signals ongoing housing pressures.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.