Location: Davidson County, NC | Metro: Davidson County, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
ZIP code 27351, located within the Davidson County, NC HUD Metro FMR Area, presents a unique profile compared to typical ZIP codes in the same metro. The Fair Market Rent (FMR) for ZIP 27351 is set at $950 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors interested in properties that qualify under the Section 8 housing assistance program.
The absence of specific market rent and home value data for ZIP 27351 limits a direct comparison to other areas within the metro. However, the zero percent renter share indicates that very few residents within this ZIP code are renting their homes. This suggests that 27351 may be less attractive for landlords looking to maximize rental income or for investors seeking properties with high demand from renters.
To determine if ZIP 27351 is a value pocket, a mid-tier neighborhood, or a premium sub-market within the Davidson County, NC HUD Metro FMR Area, we must consider the implications of the provided data. The FMR of $950 could suggest that it's on par with or slightly below average rents in the area, depending on the overall distribution of FMRs across all ZIP codes in the metro. Given the lack of market rent and home value data, it's challenging to make a definitive classification, but the low renter share points towards a lower volume of rental activity, which could mean fewer opportunities for rental properties to participate in the broader market dynamics.
A ZIP code with a high renter share and below-average home values often signifies a prime location for Section 8 properties due to higher demand and lower costs. However, ZIP 27351 does not exhibit this characteristic, as its renter share is notably low. Therefore, while it meets the criteria for FMR eligibility, it doesn't stand out as a particularly advantageous area for Section 8 investments based on the available data.
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.