Section 8 Fair Market Rent (FMR) for ZIP 27116 - 2027
Location: Winston-Salem, NC | Metro: Winston-Salem, NC HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| 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 |
When considering whether to invest in ZIP 27116 (Unknown, NC) with a focus on Section 8 properties, follow these steps:
- Does the Fair Market Rent (FMR) of $1140 cover debt service?
- Yes: If your property's debt service is less than $1140 per month, then the FMR can cover it. Proceed to the next question.
- No: If the debt service exceeds $1140, purchasing a property here for Section 8 would be financially unfeasible without subsidies or other income sources.
- Is the market rent above, at, or below the FMR of $1140?
- Above: If market rents exceed $1140, landlords might face challenges in finding tenants willing to pay the higher market rates, which could lead to vacancies.
- At: Market rents equal to the FMR indicate a balanced scenario where Section 8 tenants can afford the rent, and landlords can cover their expenses without significant financial strain.
- Below: If market rents are below $1140, landlords may find it easier to attract tenants, but the property might not be profitable under Section 8 guidelines.
- Are the percentages of renters and days on the market (DOM) sufficient to ensure demand?
- It Depends: Without specific percentages and DOM figures, it's challenging to assess the demand accurately. However, if the percentage of renters is high and the DOM is low, there's likely enough demand to support a Section 8 property. Conversely, if the percentage of renters is low and DOM is high, demand may be insufficient.
To make an informed decision, you must know the exact market rent, the percentage of renters, and the DOM for ZIP 27116. These metrics will clarify whether the investment aligns with your financial goals and risk tolerance.
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.