Location: Winston-Salem, NC | Metro: Winston-Salem, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,260 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,480 |
| 5 Bedrooms | $2,877 |
| 6 Bedrooms | $3,222 |
| 7 Bedrooms | $3,480 |
| 8 Bedrooms | $3,654 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 27103, located in the Winston-Salem, NC HUD Metro FMR Area, does not favor tenants receiving full support under the federal guidelines. The Fair Market Rent (FMR) set at $1180 for fiscal year 2024 is significantly below the actual market rent, which stands at $1,597 (ZORI). This discrepancy means that landlords may struggle to cover their costs if they rely solely on the FMR rate.
Acquisition in this area remains relatively affordable. With a median home value of $281,511, potential investors can secure properties without facing the high barriers seen in more expensive markets. The 21-day Days on Market (DOM) indicates a brisk sales pace, suggesting strong interest from buyers. Furthermore, only 0.3% of homes are listed with a price cut, implying that the housing market is stable and not experiencing significant downward pressure on prices.
Tenant demand in ZIP 27103 is robust. The area has a population of 33,325, with 45.4% of residents being renters. This substantial renter base ensures a steady pool of potential tenants, which is critical for maintaining occupancy rates and cash flow stability.
In conclusion, while the rent math poses challenges for Section 8 tenants due to the disparity between the FMR and ZORI, the affordability of acquisitions and the strong tenant demand make ZIP 27103 an attractive investment location for landlords and small-portfolio investors. The median home value, combined with the quick turnover and low price-cut share, suggests a healthy real estate market with opportunities for those willing to navigate the financial landscape of subsidized housing.
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.