Location: Greensboro-High Point, NC | Metro: Greensboro-High Point, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
The analysis of ZIP code 27415 within the Greensboro-High Point, NC HUD Metro Fair Market Rent (FMR) area reveals critical insights for landlords and small-portfolio investors.
The Fair Market Rent for a two-bedroom apartment in ZIP 27415 for fiscal year 2024 is set at $1200. However, without specific market rent data, it's challenging to directly compare and conclude if the rent math works in favor of landlords. The lack of precise market rent figures hinders a clear assessment of profitability based on current rental standards.
Regarding acquisition affordability, the absence of detailed information such as the median home value, days on market (DOM), and the percentage of homes that have experienced price cuts makes it difficult to provide a comprehensive evaluation. Landlords would need these specifics to determine if purchasing properties in this ZIP code aligns with their investment criteria and financial goals.
Tenant demand is another crucial factor. With the population and the percentage of renters being unknown, it's impossible to gauge the potential occupancy rates and the stability of rental income. This data is essential for understanding the local housing market dynamics and the likelihood of finding tenants willing to pay the set rents.
In summary, while the Fair Market Rent for ZIP 27415 is established at $1200 for a two-bedroom unit, the lack of critical market data—specifically, median home values, days on market, percentage of price cuts, and tenant demographics—prevents a definitive analysis of the viability of investing in this area. Investors should seek out these missing pieces of information before making any decisions.
Data Sources: FMR data from HUD (2027).
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.