Location: Pinehurst-Southern Pines, NC | Metro: Durham-Chapel Hill, NC HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
ZIP code 27252, located within the Pinehurst-Southern Pines, NC MSA, presents a unique profile compared to other ZIP codes in the same metropolitan area. The Fair Market Rent (FMR) for 27252 in fiscal year 2024 is set at $1190, which is higher than the average market rent of $947. This suggests that the rental market in 27252 is somewhat above the local average, potentially indicating a slightly more affluent demographic.
The median home value in ZIP 27252 is $281,124, which is likely to be representative of the overall housing market within the Pinehurst-Southern Pines, NC MSA. However, the FMR being higher than the market rent implies that subsidized housing might be more expensive relative to market conditions, possibly due to higher demand or specific characteristics of the housing stock.
The renter share in ZIP 27252 stands at 5.5%, which is relatively low compared to what might be expected in a more urbanized part of the MSA. This low percentage of renters could suggest that homeownership is more prevalent, and thus the area might cater more to owner-occupiers rather than investors looking for rental opportunities.
Based on these figures, ZIP 27252 appears to be a mid-tier neighborhood within the Pinehurst-Southern Pines, NC MSA. The home values and rents are neither exceptionally high nor low, placing it squarely in the middle range. The divergence between the FMR and market rent could signal a potential value pocket for landlords who can leverage the subsidy to attract tenants, especially those eligible for Section 8 assistance.
However, the low renter share might limit the number of potential Section 8 tenants, unless there are other factors driving higher subsidies in this area. Landlords should consider the balance between subsidized rents and the overall rental market dynamics when evaluating investment opportunities in ZIP 27252.
Data Sources: FMR data from HUD (2027). 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.