Location: Henry County-Martinsville city, VA | Metro: Rockingham County, 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 | $730 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $164,112 | 0.64% | D |
| 3BR | $1,280 | $288,870 | 0.44% | F |
U.S. Census Bureau data (2024)
16.4% of residents in ZIP 27048, Stoneville, NC, are renters, indicating a modest demand for rental properties in the area. The $900 Fair Market Rent (FMR) for zip code FY 2024 suggests that the federal government values rental units at this rate, which is slightly above the $841 average market rent reported by the Census ACS. This gap highlights a favorable condition for landlords participating in the Section 8 program, as they can potentially receive higher rents compared to the local market. Additionally, the median home value stands at $213,304, providing a benchmark for property values in the region. For those interested in the financial health of potential tenants, the median income of $60,015 offers insight into the earning power of residents. While specific data on days on market (DOM) and price-cut share is not available, the overall economic indicators point towards a stable rental market. Investors should note that the Section 8 program can offer a steady stream of income, backed by government guarantees, despite the slightly lower median income figures. In conclusion, the combination of a reasonable renter share, favorable FMR rates, and stable property values makes ZIP 27048 a viable option for Section 8 investments.
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.