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 | $1,590 |
| 1 Bedroom | $1,650 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,740 |
| 5 Bedrooms | $3,178 |
| 6 Bedrooms | $3,559 |
| 7 Bedrooms | $3,844 |
| 8 Bedrooms | $4,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,800 | $196,495 | 0.92% | C |
| 3BR | $2,330 | $284,990 | 0.82% | C |
| 4BR | $2,740 | $326,604 | 0.84% | C |
| 5BR | $3,178 | $214,945 | 1.48% | A |
U.S. Census Bureau data (2024)
The ZIP code 27301 in North Carolina is not predominantly a renter-heavy area. With only 10.3% of the population renting, it suggests that homeownership is more prevalent in this region. The total population stands at 11,067 individuals.
The median household income in ZIP 27301 is $83,824, which places residents in a relatively higher income bracket compared to national averages. This income level impacts the typical rent of $1,376 per month, which consumes approximately 16.4% of the median income when calculated on an annual basis. Such a percentage indicates that while rent is a significant expense, it remains manageable for most households given their income levels.
Comparing the market rent to the Fair Market Rent (FMR) set by HUD, which is $1,120 for FY 2024, highlights a discrepancy. The market rent in ZIP 27301 exceeds the FMR by $256, suggesting that landlords might face challenges in attracting tenants who rely solely on Section 8 vouchers due to the limited coverage of these vouchers against the actual rental costs.
Given these conditions, landlords in ZIP 27301 should anticipate a tenant pool that is likely to include fewer Section 8 voucher holders and more individuals who can afford the higher rents without assistance. Tenants are expected to have stable employment and higher incomes, aligning with the local economic profile.
To summarize, ZIP 27301 is characterized by a lower proportion of renters and higher income levels, making it less favorable for those relying on Section 8 vouchers. Landlords will likely encounter a tenant base capable of paying the prevailing market rent, which is above the HUD FMR, reflecting a more affluent and independent rental market.
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.