Section 8 Fair Market Rent (FMR) for ZIP 27120 - 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

The ZIP code 27120, located in North Carolina, is characterized by its rural setting and modest population density. The area offers a blend of residential living and access to basic amenities, making it suitable for families and individuals seeking a quieter lifestyle.

Fair Market Rent (FMR): The Fair Market Rent for a two-bedroom apartment in ZIP 27120 for fiscal year 2024 is set at $1140.
Market Rent: Data on current market rents for the area is currently unavailable, suggesting that the rental market may be less active compared to urban centers.
Median Home Value: Similarly, there is no available data on the median home value, indicating limited recent sales activity which can affect liquidity for investors.
Renter Share: The percentage of residents who are renters is not reported, making it difficult to assess the demand for rental properties in the area.
Days on Market (DOM): The average number of days a property remains on the market before receiving an offer is also unreported, which could imply either a strong seller's market or low activity.
Median Income: There is no reported median income for the area, which would typically help gauge the financial capacity of potential tenants or buyers.

Investors looking to enter the ZIP 27120 market should focus on the known Fair Market Rent of $1140 for a two-bedroom apartment as a benchmark for setting rental rates. However, the lack of current market data on rents, home values, and other key metrics suggests caution is advised. Without comprehensive data, assessing the potential profitability and demand for rental properties becomes challenging. This scarcity of data points indicates that the area might benefit from further research into local economic trends and housing needs to make informed 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.