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 | $1,200 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,360 | $221,290 | 0.61% | D |
| 3BR | $1,760 | $320,195 | 0.55% | F |
| 4BR | $2,070 | $444,314 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 27283, located in Julian, NC, has a population of 3,366 individuals. Only 12.7% of the residents are renters, indicating that this is primarily a homeowner-dominated area. The median household income is relatively high at $90,402, which suggests that while there may be some demand for rental properties, it is unlikely to be driven significantly by Section 8 tenants.
The typical market rent for this area is $978, which represents approximately 12.7% of the median household income. This percentage is calculated by dividing the average rent by the median income and multiplying by 100. When compared to the Fair Market Rent (FMR) of $1,180 for FY 2024, the current market rent is below the FMR, suggesting that rents are generally affordable in this area.
A landlord in ZIP 27283 can expect tenants who are likely to have stable employment and higher incomes relative to the rent they pay. Given the low percentage of renters and the higher median income, it's reasonable to assume that the number of Section 8 vouchers is limited, and the demand for such vouchers is not particularly deep. Tenants here would typically be able to afford market rates without needing assistance from housing vouchers.
In summary, ZIP 27283 is not an ideal location for landlords focusing on a heavy tenant pool reliant on Section 8 vouchers. Instead, the area is suited for those looking to attract tenants with higher earning potential and a preference for renting over homeownership. The low rent-to-income ratio supports this conclusion, making it a less competitive but potentially more financially stable market for landlords and small-portfolio investors.
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.