Location: Greensboro-High Point, NC | Metro: Greensboro-High Point, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The ZIP code 27342 presents a dynamic rental market that is currently defined by the Federal Market Rent (FMR) figure of $1200 for fiscal year 2024. This suggests a stable base for landlords and small-portfolio investors, as it provides a benchmark for pricing their units. The fact that the market rent is listed as N/A indicates either a lack of recent data or an alignment with the FMR, which can be a useful point of reference.
The absence of percentage figures for price-cut shares and days on market (DOM) makes it challenging to quantify the exact balance between supply and demand. However, the N/A median home value implies that there may be limited sales activity, which could suggest that the area is primarily oriented towards rentals. This aligns with the 16.7% renter share, indicating a significant portion of the population relies on renting rather than owning homes.
This high renter share points to a sustained long-term housing pressure, as a substantial number of residents are likely to continue renting due to various factors such as affordability, mobility, or lifestyle choices. For landlords, this means a steady pool of potential tenants, reducing the risk of vacancies. Small-portfolio investors should take note of this trend, as it supports the idea that rental properties in 27342 will remain in demand.
The overall picture suggests that while specific metrics are missing, the reliance on rental housing and the established FMR indicate a market where demand is robust. Landlords and investors can expect a consistent flow of renters, making the ZIP code a reliable investment opportunity. However, they must also be prepared to adapt to changes in the broader economic environment, which could impact rental demand and pricing.
Data Sources: FMR data from HUD (2027). 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.