Location: Montgomery County, 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 | $890 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $200,192 | 0.5% | F |
| 3BR | $1,380 | $276,796 | 0.5% | F |
| 4BR | $1,660 | $359,735 | 0.46% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 27239, Denton, NC, is set at $940 for fiscal year 2024. This figure represents the payment standard for Section 8 housing vouchers in your area, meaning it's the maximum amount the government will pay towards rent for a voucher holder. It's important to note that this is not the rent you should charge your tenants; rather, it's the ceiling for reimbursement from the Housing Choice Voucher program.
To put this into perspective, the average rent in ZIP 27239 is currently $865, according to the latest Census American Community Survey (ACS) data. This indicates that the FMR is slightly above the market rate, which can be beneficial for landlords who might otherwise struggle with low rents.
The 16.2% renter share in Denton suggests that there is a moderate demand for rental properties. This means that about one-sixth of the population in your area is looking for a place to rent, creating a steady pool of potential tenants. However, the competition for these renters may vary, so it's crucial to maintain a well-maintained property to attract voucher holders.
If you're considering acquiring a new rental property, the median home value in Denton is approximately $266,757. This figure can help you estimate the cost of purchasing a property in the area. Keep in mind that the acquisition cost is just one factor in determining the profitability of a Section 8 rental. Other considerations include maintenance costs, vacancy rates, and the management of the property.
Before committing to a Section 8 rental, verify that the property meets all the necessary requirements for the program. This includes passing a Housing Quality Standards (HQS) inspection, which checks for safety and habitability. Ensure your property complies with these standards to avoid delays and additional costs.
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.