Location: Greensboro-High Point, NC | Metro: Greensboro-High Point, 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 | $1,050 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $162,360 | 0.73% | D |
| 3BR | $1,540 | $245,212 | 0.63% | D |
| 4BR | $1,810 | $506,405 | 0.36% | F |
| 5BR | $2,100 | $304,361 | 0.69% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 27403 in Greensboro, NC, hinges on analyzing both yield and stability metrics derived from the provided data. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,200, while the market rent stands at $1,257. This indicates that landlords can expect to charge slightly above the FMR, providing a modest premium and thus enhancing the yield potential.
Regarding property values, homes in ZIP 27403 are valued at an average of $236,463. With the market rent at $1,257, the resulting cash-on-cash yield is approximately 5.3%, calculated by dividing the annual rental income ($1,257 x 12 months) by the property value. This yield is competitive but not exceptionally high, suggesting it's not purely a high-yield market.
Stability in the market can be gauged by the percentage of renters, which is 47.7% in ZIP 27403. This figure is relatively balanced, indicating a moderate level of demand from tenants. However, the lack of data on days on market (DOM) makes it challenging to fully assess the stability of the rental market. The median household income of $57,917 provides insight into the financial health of the population, supporting the notion that there is a stable economic base for tenants to afford the rents.
Combining these factors, ZIP 27403 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The yield is reasonable given the property values, and the income levels and renter percentages suggest a stable tenant pool. Landlords and small-portfolio investors can anticipate reliable returns without the volatility associated with higher-risk, higher-reward markets.
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.