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 |
ZIP code 27155, located within the Winston-Salem, NC HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1140 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors as it represents the maximum amount that a tenant receiving federal rental assistance can pay.
The FMR for ZIP 27155 is slightly above the average for the broader Winston-Salem, NC HUD Metro FMR Area. However, without specific market rent and home value data for both the zip code and the metro area, direct comparisons are limited. The lack of market rent and home value figures for 27155 suggests either insufficient data or an area that is less developed compared to other parts of the metro.
The renter share percentage is also listed as N/A for ZIP 27155. Typically, a higher renter share combined with lower-than-metro-average home values can indicate a potential sweet spot for Section 8 properties. Since we do not have these exact figures, we cannot definitively classify 27155 as a value pocket, mid-tier neighborhood, or premium sub-market. However, given the slightly elevated FMR and the absence of other critical data points, it is reasonable to infer that 27155 might lean towards being a value pocket within its metro area. This inference is based on the assumption that areas with less data availability often represent opportunities for cost-effective investments.
To make a more precise assessment, landlords and investors should seek additional local market data, including median home values and current renter shares, to better understand how 27155 fits into the overall housing landscape of the Winston-Salem, NC HUD Metro FMR 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.