Location: Greensboro-High Point, 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 | $1,370 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,550 | $190,443 | 0.81% | C |
| 3BR | $2,010 | $306,587 | 0.66% | D |
| 4BR | $2,360 | $417,617 | 0.57% | F |
| 5BR | $2,738 | $442,778 | 0.62% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 27282, Jamestown, NC, for fiscal year 2024 is set at $1490. This figure represents the maximum amount the federal government will pay landlords participating in the Section 8 program for a unit of a given size. It does not represent the rent you can charge your tenants; it's the reimbursement cap.
In contrast, the average market rent in ZIP 27282, as indicated by the Zillow Observed Rent Index (ZORI), is $2,195. This suggests that the market rent is significantly higher than the Section 8 reimbursement rate, which could mean lower profitability for landlords who rely solely on the government subsidy.
The 30.9% renter share in Jamestown indicates that nearly one-third of the population rents their homes. This signifies a substantial demand for rental properties, including those eligible for Section 8 subsidies. However, it also implies competition among landlords for tenants willing to pay the market rate.
The median home value in ZIP 27282 is approximately $331,253, which can give you an idea of the acquisition cost if you're looking to purchase a property for a Section 8 rental. Keep in mind that this price includes both owner-occupied and rental properties, so the actual cost of a rental unit might differ slightly.
Before committing to a Section 8 rental, verify that the property meets all local housing quality standards, known as Housing Quality Standards (HQS). These standards ensure that the property is safe and habitable, and failing to meet them can result in penalties or termination of the contract.
To summarize, while the FMR of $1490 provides a clear benchmark for government reimbursement, the local market rent of $2,195 highlights the potential gap between subsidy payments and market rates. With a 30.9% renter share, there is a strong demand for rentals, but you must ensure your property complies with HQS to avoid issues.
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.