Location: Greensboro-High Point, NC | Metro: Greensboro-High Point, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
ZIP code 27350 is situated within the Greensboro-High Point, NC HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1010, closely matching the market rent of $1,041. The median home value in this ZIP is $270,993, and it has a renter share of 10.4%. To understand where 27350 stands within its broader metro area, let's compare these figures to typical metrics.
The FMR of $1010 aligns well with the market rent, suggesting that the rental rates are fair and not inflated above what HUD deems reasonable. This parity between FMR and market rent indicates a balanced rental market, neither undervalued nor overpriced.
With a median home value of $270,993, ZIP 27350 falls into the mid-tier category relative to the Greensboro-High Point, NC HUD Metro FMR Area. Home values in the metro can vary widely, but $270,993 represents a moderate price point, suitable for middle-income families and individuals.
The 10.4% renter share is slightly above average for the area, which typically sees lower renter shares. This higher percentage could signal a growing interest in renting within the ZIP, potentially due to its affordability or location attractiveness.
Given the specific figures, ZIP 27350 appears to be a mid-tier neighborhood within the Greensboro-High Point, NC HUD Metro FMR Area. It offers a fair balance between rental costs and home values, making it an attractive option for both landlords and small-portfolio investors looking for steady returns without the risks associated with either very low or very high-priced markets.
However, the divergence in the higher renter share compared to typical ZIP codes in the area could indicate a potential sweet spot for Section 8 housing. Despite the median home value being in line with the mid-tier range, the higher proportion of renters suggests a demand for affordable housing options, which could benefit landlords who participate in the Section 8 program.
In summary, ZIP 27350 presents a viable opportunity for investment, offering a blend of fair rental rates and moderate home values. Its slightly elevated renter share makes it a noteworthy consideration for those interested in Section 8 properties, as it may attract more tenants seeking subsidized housing.
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.