Section 8 Fair Market Rent (FMR) for ZIP 27262 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,080
1 Bedroom	$1,130
2 Bedrooms	$1,230
3 Bedrooms	$1,600
4 Bedrooms	$1,880
5 Bedrooms	$2,181
6 Bedrooms	$2,443
7 Bedrooms	$2,638
8 Bedrooms	$2,770

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

28,353

Median Household Income

$65,006

Housing Units

10,678

Renter Percentage

44.4%

Occupancy Rate

90.6%

Renter Occupied

4,297

Housing Authorities Serving ZIP 27262

Housing Authority of the City of Greensboro (Greensboro, NC) - 5,264 Section 8 vouchers
Housing Authority of the City of High Point (High Point, NC) - 1,872 Section 8 vouchers
Lexington Housing Authority (Lexington, NC) - 880 Section 8 vouchers
Asheboro Housing Authority (Asheboro, NC) - 879 Section 8 vouchers
Thomasville Housing Authority (Thomasville, NC) - 104 Section 8 vouchers
The New Randleman Housing Authority (Randleman, NC)

The High Point area, specifically ZIP code 27262, is a vibrant community located in Guilford County, North Carolina. Known for its rich history in furniture manufacturing and retail, the area has evolved into a diverse economic landscape, offering opportunities for both residents and investors.

The Fair Market Rent (FMR) for ZIP 27262 in fiscal year 2024 is set at $1,170. This figure represents the maximum amount that a low-income household should pay for housing.
The market rent, measured by Zillow's ZORI index, stands at $1,361. This indicates the actual rental rates landlords can expect in the area, slightly above the FMR.
The median home value in the ZIP is $212,620, reflecting the overall affordability of homeownership compared to other areas in the state.
Renters make up 44.4% of the population, signaling a strong demand for rental properties and potential stability for landlords.
The days on market (DOM) for rental listings average 27 days, suggesting a relatively quick turnaround for finding tenants once a property is listed.
The median household income in the area is $65,006, providing insight into the financial capabilities of potential renters and homeowners.

Given these metrics, investing in rental properties in ZIP 27262 presents a favorable opportunity. The gap between the FMR and market rent suggests room for profitability without pricing out a significant portion of the local tenant base. With a substantial renter share and a quick average time to lease, landlords can expect steady occupancy rates. However, the median income level indicates that targeting moderate-income rental properties would be most effective. Overall, the combination of affordable home values and a robust rental market makes High Point a compelling investment destination for those looking to enter or expand their real estate portfolios in the region.

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.