Location: Greensboro-High Point, NC | Metro: Greensboro-High Point, NC HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,540 | $318,832 | 0.48% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 27233 in fiscal year 2024 is set at $990. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) to determine the maximum amount of rent that a landlord can charge for a Section 8 rental property. It's important to note that this is not the actual rent you would receive from the tenant; it's the cap on the rent HUD will pay.
In ZIP 27233, there is no specific local rent data provided to compare against the FMR. However, we can still gauge the potential demand for Section 8 properties using the average renter share, which is 4.5%. This means that approximately 4.5% of the population in this area might be seeking housing assistance through the Section 8 program. Given the FMR and the potential demand, a landlord could expect a steady stream of tenants who qualify for this assistance.
To acquire a rental property in this ZIP code, the average cost is $299,519. This is a significant investment, but with the guaranteed income from the Section 8 program, it can be a stable financial decision. The payment standard ensures that you'll receive a consistent rent amount, although it caps at $990 per month. This can help offset some of the risks associated with renting to individuals with lower incomes.
Before committing to a Section 8 rental, it's crucial to verify that the property meets all the necessary requirements set by HUD. These include basic health and safety standards, such as proper heating, plumbing, and electrical systems. Ensuring your property complies with these regulations beforehand will save time and prevent any issues during the application process.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.