Location: Davidson County, NC | Metro: Davidson County, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
ZIP code 27374, located in the Davidson County, NC HUD Metro FMR Area, presents a unique opportunity for landlords and small-portfolio investors looking to anchor their cash flow. The Fair Market Rent (FMR) for this ZIP code is set at $950 per month for FY 2024, which is higher than many other areas in North Carolina, indicating a relatively expensive rental market.
Despite the lack of specific market data, such as median home values and median incomes, the FMR figure provides a reliable benchmark for rental properties. The $950 FMR serves as a minimum rent subsidy that landlords can expect when participating in the Section 8 program, ensuring steady cash flow from government assistance.
The 49.5% renter share in ZIP 27374 suggests a significant portion of the population relies on rental housing, making it an attractive location for landlords who wish to capitalize on high demand. This high renter share supports the notion that this ZIP code is well-suited for serving as a cash-flow anchor within a Section 8 portfolio strategy.
Investors should note that the FMR is designed to cover a substantial portion of the rent for low-income households, thereby reducing the risk of vacancies and providing consistent income. However, the absence of detailed market data makes it difficult to assess whether this ZIP code offers potential for appreciation or if it would serve better as a diversifier.
In conclusion, ZIP 27374 is best positioned as a cash-flow anchor due to its relatively high FMR and significant renter share, which ensures stable and predictable income for landlords and small-portfolio investors.
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.