Location: Winston-Salem, NC | Metro: Winston-Salem, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
The analysis of ZIP code 27111 within the Winston-Salem, NC HUD Metro FMR area reveals several key points that landlords and small-portfolio investors should consider.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area is set at $1140 for fiscal year 2024. However, the market rent is currently not available, which makes it challenging to directly compare the two figures. This lack of market data could indicate either a stable rental environment or an underreported one. Landlords should seek local insights to understand if the $1140 FMR aligns with actual market conditions.
Regarding the affordability of property acquisitions, the median home value and days on market (DOM) data are not available. Similarly, the percentage of homes that require price cuts to sell is also not provided. Without these metrics, it's difficult to assess how competitive the housing market is and what kind of financial pressure might be placed on potential acquisitions. Investors will need to rely on other sources to gauge the local real estate market dynamics.
The third point concerns tenant demand. The population data and the percentage of renters in the area are not specified. These missing details make it impossible to quantify the demand for rental properties. A high renter share typically indicates strong demand, but without the exact numbers, this cannot be confirmed.
Verdict: ZIP 27111 presents opportunities for landlords and small-portfolio investors, particularly due to the defined FMR of $1140 for 2024. However, the absence of critical data such as market rent, median home values, DOM, and renter share percentages leaves significant gaps in understanding the full picture. Investors must conduct thorough local research to fill these gaps and make informed decisions. The current data suggests a need for caution and further investigation into local real estate trends and demographics before committing to investments in this area.
Data Sources: FMR data from HUD (2027).
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.