Location: Winston-Salem, NC | Metro: Winston-Salem, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP code 27110 in Winston-Salem, NC, for FY 2024 is set at $1030. However, current market rents in this area are higher, with listings suggesting an average rental rate closer to $1200 per month. This indicates that voucher tenants will only cashflow at the FMR level if the landlord has premium units that can command higher rents or if there are significant utility allowances.
The median home value in ZIP 27110 is approximately $180,000, which translates to a rent-to-price ratio of about 0.67%. This suggests that the rental market is relatively strong compared to the overall property values, making it a favorable environment for landlords who can offer properties above the FMR threshold.
While specific data on days on market (DOM) and price-cut shares is not available, the general trend in the Winston-Salem area indicates that the rental market remains competitive. The strong demand for rental properties means that landlords with well-managed properties can expect steady occupancy rates and minimal need for price adjustments.
The strongest angle for Section 8 investors in ZIP 27110 is stability. With a robust rental market and consistent demand for affordable housing, landlords can rely on steady income streams and predictable maintenance costs, ensuring long-term financial security.
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.