Location: Davidson County, NC | Metro: Davidson County, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
The ZIP code 27293, located within the Davidson County, NC HUD Metro FMR Area, has an estimated Fair Market Rent (FMR) of $950 for fiscal year 2024. This figure represents the maximum amount that a low-income family participating in the Section 8 housing choice voucher program can pay for rent. However, the specific market rent and median home value for ZIP 27293 are currently unavailable, as are the exact percentages of renters within the area.
To position ZIP 27293 relative to other typical ZIP codes in the Davidson County, NC HUD Metro FMR Area, we must rely on the available FMR data. Given that the FMR for 27293 is $950, it suggests that this ZIP might be considered a mid-tier neighborhood within the broader metro area. This inference is based on the assumption that the FMR reflects the general affordability of the area compared to others within the same county. If other ZIP codes in the area have higher or lower FMRs, then 27293's $950 FMR would place it somewhere in between, indicating neither the most affordable nor the most expensive location.
The absence of specific market rent and home value data makes it challenging to definitively classify 27293 as a value pocket or a premium sub-market. Typically, a value pocket would have lower home values and potentially a higher percentage of renters, while a premium sub-market would likely feature higher home values and possibly lower rental rates due to its desirability. Since the renter share percentage is also not available, we cannot make a direct correlation between the number of renters and the potential attractiveness of the ZIP code for Section 8 participants.
In conclusion, ZIP 27293 appears to be a mid-tier neighborhood within the Davidson County, NC HUD Metro FMR Area, based on its FMR of $950. The lack of detailed market rent and home value data prevents a more precise categorization, but the presence of a defined FMR without corresponding market data could suggest a unique niche within the local real estate market, potentially advantageous for landlords and small-portfolio investors seeking to serve the needs of low-income families through the Section 8 program.
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.