Location: Durham-Chapel Hill, NC | Metro: Burlington, NC MSA
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 | $1,280 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $294,255 | 0.52% | F |
| 3BR | $1,910 | $389,141 | 0.49% | F |
| 4BR | $2,280 | $650,079 | 0.35% | F |
U.S. Census Bureau data (2024)
The market in ZIP 27243, Efland, NC, presents a dynamic environment where the Federal Market Rent (FMR) at $1190 for the fiscal year 2024 exceeds the current market rent of $858 based on Census American Community Survey (ACS) data. This discrepancy suggests that there might be a growing demand for rental properties in the area, as the government's benchmark for fair market rents is higher than what is currently being charged.
The median home value in Efland stands at $402,761. While the percentage of price cuts and days on market (DOM) are not available, the fact that the FMR is significantly higher than the market rent indicates that the rental market could be experiencing upward pressure. Landlords and small-portfolio investors should take note of this trend, as it implies that tenants are willing to pay more to secure housing, possibly due to limited availability.
The 6.8% renter share in Efland points to a relatively low proportion of renters compared to homeowners. However, this also means that there is a steady segment of the population relying on rental properties, which can create consistent demand over the long term. The lower renter share might suggest that many residents prefer owning their homes, but it also highlights an opportunity for investors who can provide quality rental options at competitive rates.
In summary, the dynamics of ZIP 27243 indicate a market where demand for rentals could be rising, driven by the higher FMR compared to the actual market rent. The median home value suggests a stable housing market, and the relatively low renter share hints at a balanced mix of homeowners and renters, providing a solid foundation for rental investments.
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.