Location: Greensboro-High Point, NC | Metro: Greensboro-High Point, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The ZIP code 27411 is located in Greensboro, North Carolina. This neighborhood has a population of 1,433 residents. While specific percentages of renters and median income figures are not available, the area's characteristics can be inferred from broader demographic trends.
The economic landscape of ZIP 27411 is primarily defined by the Fair Market Rent (FMR), which is set at $1200 for the fiscal year 2024. This figure serves as a benchmark for the government's housing assistance programs, including Section 8 vouchers. Although the exact market rent is not specified, it is reasonable to assume that the FMR closely aligns with local rental prices due to the lack of significant deviation noted in similar areas.
Given these parameters, ZIP 27411 appears to be well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the stability provided by Section 8 vouchers ensures a steady stream of income without the need for active management. However, for those interested in value-add strategies, there is potential to improve properties and command rents above the FMR, especially if the broader Greensboro market sees an uptick in demand.
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.