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 ZIP code 27419 falls within the Greensboro-High Point, NC HUD Metro FMR Area for fiscal year 2024. Its Fair Market Rent (FMR) is set at $1200 for a two-bedroom apartment. In comparison to typical ZIP codes within the same HUD Metro FMR Area, where the FMR for a two-bedroom unit is $1170, ZIP 27419 has a slightly higher FMR.
The lack of specific market rent and home value data for ZIP 27419 makes it difficult to classify it definitively as either a value pocket, mid-tier neighborhood, or premium sub-market. However, the absence of these figures suggests that the area might be less developed or have fewer rental properties compared to other ZIP codes within the Greensboro-High Point region.
ZIP 27419's N/A renter share indicates that the proportion of renters in this area is unknown. Typically, a higher renter share with lower home values can signal a potential sweet spot for Section 8 tenants. Since the home value is also listed as N/A, landlords should exercise caution and conduct further research into local rental trends before making investment decisions.
To summarize, ZIP 27419 offers a slightly higher FMR compared to the broader Greensboro-High Point area, but without additional market rent and home value data, its classification remains uncertain. Landlords should consider this ZIP code as potentially valuable for Section 8 tenants, though thorough local analysis is recommended.
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.