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 27435 in Greensboro-High Point, North Carolina, presents unique characteristics that distinguish it from other areas within the region. Due to the lack of specific demographic data such as resident count, percentage of renters, median income, and median home value, we must rely on the available voucher economics to understand its potential for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 27435 in fiscal year 2024 is set at $1200. This figure represents the maximum amount that landlords can charge tenants participating in the Section 8 program. The absence of comparable market rent data means we cannot directly assess how the FMR compares to local rental rates. However, the stability of the FMR over time suggests that landlords can expect consistent rental income from tenants using vouchers.
The voucher economics in ZIP 27435 indicate a reliable source of income for landlords willing to participate in the Section 8 program. By accepting tenants with vouchers, landlords can ensure a steady stream of rental payments, which are guaranteed by the government up to the FMR limit. This can be particularly advantageous in an area where the overall economic conditions might be less certain.
Given the limited availability of specific demographic data, it is challenging to categorize the ZIP code as either stable or transitional. However, the presence of a defined FMR and the ongoing nature of the Section 8 program suggest a level of stability in the rental market, even if other factors remain unclear. Landlords and investors should consider the reliability of the FMR when making decisions about properties in ZIP 27435.
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.