Location: Winston-Salem, NC | Metro: Winston-Salem, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,220 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
U.S. Census Bureau data (2024)
The ZIP code 27109 presents a dynamic rental market landscape, particularly relevant for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, as set by HUD for fiscal year 2024, stands at $1200. This figure serves as a benchmark for understanding the rental pricing within the community.
While the specific market rent and price-cut share percentages are not available, the fact that the FMR is established indicates a regulated environment where rental prices are closely monitored. This suggests a market that is likely experiencing steady demand, possibly due to a mix of economic factors, job opportunities, and residential preferences in the area.
The absence of data on the days on market (DOM) and median home value implies that there might be limited recent transactions or listings to analyze. However, the FMR alone provides insight into the rental market's stability and the potential for maintaining consistent occupancy rates without significant price adjustments.
A key metric missing from the analysis is the percentage of renters in the area. In markets with a high renter share, there is often increased long-term housing pressure, leading to higher demand for rental properties. Conversely, areas with lower renter shares may see less pressure on the rental market but could face challenges in maintaining high occupancy rates if homeownership is more prevalent.
In 27109, the lack of data on the renter share percentage means we cannot definitively state whether supply outpaces demand or vice versa. However, the presence of an FMR and the assumption of a regulated market suggest that there is a balance between supply and demand, with the potential for either side to shift based on external factors such as economic changes or new developments.
Investors should focus on the current demand signals and the regulatory environment to make informed decisions. The stability indicated by the FMR can provide a foundation for investment strategies, while the unknowns regarding the renter share and recent transactional data highlight the need for continuous monitoring of local market conditions.
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.