Section 8 Fair Market Rent (FMR) for ZIP 27205 - 2027

Location: Greensboro-High Point, NC | Metro: Greensboro-High Point, NC HUD Metro FMR Area

Investment Score for ZIP 27205

F
Monthly Rent (2BR)
$1,010
Median Price (2BR)
$230,456
1% Rule
0.44%
Annual Yield
5.26%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$890
1 Bedroom$930
2 Bedrooms$1,010
3 Bedrooms$1,310
4 Bedrooms$1,540
5 Bedrooms$1,786
6 Bedrooms$2,000
7 Bedrooms$2,160
8 Bedrooms$2,268

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,010 $230,456 0.44% F
3BR $1,310 $280,990 0.47% F
4BR $1,540 $345,736 0.45% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
36,947
Median Household Income
$65,167
Housing Units
15,746
Renter Percentage
21.6%
Occupancy Rate
93.5%
Renter Occupied
3,175

The ZIP code 27205, located in Asheboro, North Carolina, presents a market in motion where the balance between supply and demand is critical. The Fair Market Rent (FMR) for the area stands at $1000 for fiscal year 2024, while the Zillow Observed Rental Index (ZORI) indicates a market rent of $1,050. This suggests that the rental market is slightly above the government's benchmark, indicating a modest level of demand.

A key indicator of market dynamics is the 0.2% price-cut share, which is exceptionally low. This figure implies that landlords and property owners are generally not needing to reduce their asking rents to attract tenants, a sign that the local rental market is stable and possibly leaning towards favoring landlords. Additionally, the days on market (DOM) for properties is relatively short at 25 days, further reinforcing the idea that listings are moving quickly once they come to the market, a characteristic of a healthy demand-supply relationship.

The median home value in ZIP 27205 is $268,391, reflecting the overall affordability of the housing market in Asheboro. However, the 21.6% renter share provides insight into the long-term dynamics of housing pressure. A higher proportion of renters can indicate an increasing demand for rental properties over ownership, which could be due to various factors such as young professionals, students, or individuals who prefer renting due to lifestyle choices or financial considerations. This trend suggests that there might be sustained pressure on the rental market, as a significant portion of the population is likely to continue seeking rental accommodations rather than purchasing homes.

In summary, the current snapshot of ZIP 27205 points to a market where demand is steady, and supply is well-matched, if not slightly undersupplied. The low price-cut share and quick turnover times suggest that rental properties are sought after and valued, making it an attractive market for landlords and small-portfolio investors looking to capitalize on consistent rental income without the necessity of frequent rent adjustments. The high renter share also signals a potential for long-term stability and demand in the rental sector, which is beneficial for those considering investments in rental properties.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).

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.