Section 8 Fair Market Rent (FMR) for ZIP 27113 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 27113 in Winston-Salem, NC, presents a unique set of characteristics that distinguish it from other areas. With limited specific data available such as the exact number of residents, percentage of renters, median income, and median home value, it's crucial to focus on the elements that can be quantified, particularly those relevant to Section 8 housing.

A key figure for landlords and investors is the Fair Market Rent (FMR), which for ZIP 27113 in fiscal year 2024 is set at $1140. This amount represents the maximum rental payment that the U.S. Department of Housing and Urban Development (HUD) will reimburse to landlords participating in the Section 8 program. However, without precise market rent data, it's challenging to compare the FMR directly to local rental rates, though this figure generally serves as a benchmark for affordable housing in the area.

When considering the economic viability of Section 8 vouchers in ZIP 27113, the FMR plays a significant role in determining the attractiveness of the program to landlords. The reimbursement rate ensures a steady income stream, albeit at a fixed rate, which can be advantageous in managing financial expectations.

Based on the available data, the ZIP code 27113 appears to be stable rather than transitional. The presence of consistent Section 8 voucher economics, specifically the defined FMR, suggests a predictable environment for landlords and investors. While the lack of detailed demographic data might introduce some uncertainty, the established parameters of the Section 8 program provide a reliable framework for investment decisions.

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.