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 | $1,230 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,390 | $158,687 | 0.88% | C |
| 3BR | $1,800 | $273,014 | 0.66% | D |
| 4BR | $2,110 | $440,491 | 0.48% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 27409, located in Greensboro, NC, reveals several key points regarding the viability of this area for investment. The HUD Fair Market Rent (FMR) for ZIP 27409 in fiscal year 2024 is set at $1200, while the market rent, measured by Zillow's ZORI index, stands at $1457. This indicates that voucher tenants would typically generate a marginal cash flow, meaning that landlords can expect to cover their expenses but may not see substantial profit margins unless they focus on premium units or manage costs effectively.
To further understand the investment potential, consider the median home value in ZIP 27409, which is $207,037. Using this figure, we can calculate the rent-to-price ratio, an important metric for assessing the attractiveness of rental properties. In this case, the ratio is approximately 0.7%, indicating that rental income is relatively low compared to the purchase price of homes in the area. However, this ratio alone does not provide a complete picture of the investment landscape, as other factors such as property management costs and vacancy rates also play a significant role.
The lack of available data on the median days on market (DOM) and the percentage of homes that undergo price cuts suggests that the current market conditions may not be heavily influenced by the rent-versus-buy dynamics. This implies that the rental market could be relatively stable, with fewer pressures from the sales market affecting rental prices.
In conclusion, the strongest angle for Section 8 investors in ZIP 27409 is likely to be the stability of the rental market, given the marginal cash flow and the absence of significant rent-versus-buy dynamics. Stability ensures consistent income, which is crucial for long-term investment success.
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.