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 | $940 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $219,050 | 0.49% | F |
| 3BR | $1,380 | $327,906 | 0.42% | F |
| 4BR | $1,630 | $455,286 | 0.36% | F |
U.S. Census Bureau data (2024)
14.1% of residents in ZIP 27313, Pleasant Garden, NC, are renters, indicating a modest demand for rental properties. The Fair Market Rent (FMR) for the area, set at $1060 for zip FY 2024, provides a benchmark for landlords and small-portfolio investors looking to price their units competitively. Comparatively, the market rent, reported at $984 according to the Census ACS, suggests that landlords could potentially increase their rents slightly without deterring tenants, given the FMR serves as an upper limit for what the government deems reasonable.
$317,059 is the median home value in the region, reflecting a stable housing market. However, it's important to note that the median income of $80,875 might influence affordability, particularly for potential buyers. This data point implies that rental properties could be more attractive to those who cannot afford to purchase homes outright, especially considering the relatively high median home value compared to the median income.
The absence of specific data on days on market (DOM) and the percentage of price-cut shares indicates a lack of volatility in the local real estate market. This stability can be beneficial for both landlords and investors, as it reduces the risk of sudden market shifts that could impact property values or rental demands.
In conclusion, the data paints a picture of a steady market in ZIP 27313, where rental properties priced close to the FMR could attract a reasonable number of tenants. Given the modest renter share and the slight premium that can be charged over the market rent, the verdict for Section 8 participation is positive, as it ensures a consistent stream of income for landlords and small-portfolio investors, aligning with the government's support mechanisms.
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.