Location: Greensboro-High Point, NC | Metro: Greensboro-High Point, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
1200 dollars is the Fair Market Rent (FMR) for ZIP code 27268 for fiscal year 2024. Despite the lack of specific data for market rent, median home value, renter share, median income, days on market (DOM), and price-cut share for ZIP 27268, we can still draw some conclusions based on broader trends. According to recent real estate market analysis, the median days on market for properties across the country has been around 31 days, indicating a relatively stable market where homes are selling within a month of being listed.
However, the absence of detailed local data for ZIP 27268 makes it challenging to provide a precise assessment of how these national trends translate into the area. The 1200 dollar FMR serves as a benchmark for rental properties, suggesting that landlords should aim to keep their rents competitive with this figure to attract tenants who qualify for Section 8 assistance. It's important to note that while the national median days on market provides a general indicator of market health, local conditions can vary significantly.
A one-line Section 8 verdict for ZIP 27268 would be: Given the 1200 dollar FMR, landlords in ZIP 27268 should set rents accordingly to maximize occupancy rates among eligible tenants.
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.