Section 8 Fair Market Rent (FMR) for ZIP 27152 - 2027

FY 2027 Fair Market Rent Rates

1140 is the Fair Market Rent (FMR) for ZIP 27152 in fiscal year 2024, indicating the maximum rental assistance payment that landlords can receive under the Section 8 program. However, the lack of specific market rent data means we cannot directly compare the FMR to local rental rates, which could affect the attractiveness of the area for landlords participating in the program. Similarly, the absence of median home value suggests that there is limited information on property values, making it difficult to assess potential investment returns based on property appreciation. With the renter share also marked as N/A, it's unclear what proportion of residents rely on rental housing, but given the FMR, landlords should be aware of the guaranteed income level. The median income being unspecified further complicates the analysis, as it would typically provide insight into the economic stability and purchasing power of the area's residents. Lastly, the day DOM and price-cut share percentages being unavailable prevent us from making informed decisions about the speed of property sales and the necessity of reducing asking prices to attract buyers. In conclusion, despite the limited availability of comprehensive market data, the 1140 FMR provides a solid baseline for rental income in ZIP 27152. Landlords should consider this figure as a reliable benchmark for their Section 8 rental properties.

Section 8 Verdict: Acceptable participation opportunity given the known FMR, though additional local market research is recommended due to missing data points.

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.