Location: Greensboro-High Point, NC | Metro: Durham-Chapel Hill, 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 | $1,020 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $278,262 | 0.54% | F |
U.S. Census Bureau data (2024)
To integrate ZIP 27355 into a Section 8 portfolio strategy, focus on it as a cash-flow anchor. The primary reason for this classification is the significant spread between the Fair Market Rent (FMR) set by the Department of Housing and Urban Development (HUD) and the actual market rent. For fiscal year 2024, the FMR for ZIP 27355 is $1190, while the average market rent stands at $823. This discrepancy means that landlords participating in the Section 8 program can secure higher rents compared to the local market, thereby providing a stable and above-average cash flow.
The median home value in ZIP 27355 is $258,997, which indicates a relatively affordable housing market. This affordability can be leveraged by landlords who are willing to invest in properties that cater to low-income tenants covered under the Section 8 program. By acquiring properties within this area and renting them out through Section 8, landlords can benefit from the guaranteed rental income, which is typically more reliable than market rents due to the government subsidy.
ZIP 27355 also has a median income of $65,911, suggesting that a portion of the population might qualify for the Section 8 program. The 34.6% renter share in the area implies a substantial demand for rental housing, which can further support the cash-flow anchor strategy. Landlords should be aware that the high FMR compared to the market rent can act as a buffer against potential market downturns, ensuring a steady stream of income even when market conditions fluctuate.
In summary, ZIP 27355 serves best as a cash-flow anchor within a Section 8 portfolio strategy. The $367 spread between the HUD's FMR and the market rent provides a compelling financial incentive, backed by the stability of government-subsidized tenants and the overall demand for rental housing in the area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.