Section 8 Fair Market Rent (FMR) for ZIP 27289 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 27289, located in North Carolina, is an area that offers potential opportunities for real estate investment, particularly for those interested in the Section 8 housing voucher program. This analysis will provide key insights into the rental market dynamics, median home values, and demographic factors that influence the investment landscape in this region.

• The Fair Market Rent (FMR) for ZIP 27289 for fiscal year 2024 is set at $930. This figure represents the maximum amount a landlord can charge for a unit under the Section 8 program, providing a benchmark for rental pricing in subsidized housing.
• The market rent data for ZIP 27289 is currently unavailable, which makes it challenging to compare unsubsidized rents against the FMR. However, this gap highlights the importance of staying informed about local market trends through other sources such as real estate agents and online listings.
• The median home value in ZIP 27289 is also not available, indicating a lack of comprehensive data on property values. This could be due to low population density or limited housing stock in the area.
• The percentage of renters in ZIP 27289 is unknown, making it difficult to gauge the demand for rental properties. Understanding the tenant makeup is crucial for landlords and investors looking to cater to the local housing needs.
• The Days on Market (DOM) for ZIP 27289 is not available, which typically indicates how long it takes for a property to sell. This metric would help investors understand the pace of the real estate market in the area.
• The median household income for ZIP 27289 is also not available, but this statistic is vital for assessing the financial stability of potential tenants and the overall economic health of the area.

In summary, while ZIP 27289 presents a defined opportunity for Section 8 investments with the FMR set at $930, significant gaps in market data, including median home values, renter share, DOM, and median income, suggest a need for further research before committing to investment decisions. Landlords and small-portfolio investors should leverage local real estate experts and additional resources to fill these informational voids and make well-informed choices.

Data Sources: FMR data from HUD (2027).

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.