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 | $1,220 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,460 | $281,868 | 0.52% | F |
| 3BR | $1,900 | $429,152 | 0.44% | F |
| 4BR | $2,280 | $705,408 | 0.32% | F |
| 5BR | $2,645 | $656,678 | 0.4% | F |
U.S. Census Bureau data (2024)
The market in ZIP 27310, Oak Ridge, NC, presents a dynamic scenario indicative of balanced yet competitive conditions. With a Fair Market Rent (FMR) of $1,190 for the fiscal year 2024, it aligns closely with the Census American Community Survey (ACS) reported market rent of $3,009. This suggests that rental prices are not significantly inflated compared to the average cost of housing, which stands at a median home value of $597,747.
A key indicator of market health is the price-cut share, currently at 0.2%. This low figure implies that properties are generally selling at their listed prices without substantial negotiation, indicating strong demand relative to supply. The lack of data on days on market (DOM) could suggest that sales are swift, further supporting the notion of a robust buyer interest.
The 6.9% renter share is notably low, which means the majority of residents in Oak Ridge own their homes. This characteristic often correlates with a stable and less volatile housing market, as homeownership typically reduces the immediate pressure on rental prices. However, it also indicates a potential long-term housing pressure if the local economy grows and attracts more renters, who would then seek accommodation in an already tight rental market.
The interplay between these factors—rental prices, home values, and the proportion of renters—suggests a market where demand is currently meeting supply effectively. Yet, the low renter share and high median home value hint at underlying tensions that could shift the balance if external economic forces change. Landlords and small-portfolio investors should monitor local economic indicators closely to anticipate any shifts in market dynamics.
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.