Location: Montgomery County, 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 | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $217,700 | 0.47% | F |
| 3BR | $1,340 | $254,156 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 27341, located in Seagrove, North Carolina, is a unique area within Randolph County. With a population of 5,350 residents, it stands out due to its relatively low rental rate at 15.3%, indicating that most residents own their homes. The median income in this ZIP is $58,159, which is slightly above the national average, reflecting a modestly prosperous community. The median home value of $212,357 suggests that homeownership is both attainable and valued here.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $940, while the market rent based on Census ACS data is $853. This means that landlords who accept Section 8 vouchers can expect a higher rental income compared to the general market, making it an attractive option despite the bureaucratic challenges associated with the program.
The data signature for ZIP 27341 reads as stable. The low rental rate indicates a strong preference for homeownership among residents, which is further supported by the median home value being relatively affordable. The slight discrepancy between the FMR and market rent values suggests a steady demand for rental properties, particularly those that qualify for Section 8 assistance. For landlords and small-portfolio investors, this ZIP code presents a reliable market where the economic conditions are favorable for maintaining consistent rental incomes, especially through the Section 8 program.
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.