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 | $1,290 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,460 | $215,346 | 0.68% | D |
| 3BR | $1,890 | $309,482 | 0.61% | D |
| 4BR | $2,220 | $544,822 | 0.41% | F |
| 5BR | $2,575 | $638,147 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 27455 is located in Greensboro, North Carolina, and represents a moderately sized neighborhood with a population of 29,302 residents. Approximately 29.1% of these residents are renters, indicating a significant but not overwhelming presence of rental housing in the area. The median household income in this ZIP code stands at $94,349, reflecting a relatively affluent community. Furthermore, the median home value of $373,475 suggests that homeownership is both desirable and attainable for those with higher incomes.
When it comes to rent economics, the Fair Market Rent (FMR) for ZIP 27455 in fiscal year 2024 is set at $1,290. This figure is notably lower than the market rent, which is measured at $1,647 (ZORI). This discrepancy indicates that there is a potential opportunity for landlords and small-portfolio investors to capitalize on the difference between government-subsidized rents and market rates. However, it also implies that the neighborhood might be better suited for hands-on operators who can manage properties effectively and potentially add value through improvements and maintenance, rather than hands-off voucher operators who rely solely on government subsidies.
To summarize, ZIP 27455 offers a mix of economic stability and potential for rental income growth. With a median income above the national average and a substantial median home value, the area is attractive to both homeowners and renters. For investors, the gap between FMR and ZORI presents an interesting challenge. It requires active management to ensure profitability and compliance with Section 8 requirements. Therefore, this ZIP code is likely best suited for hands-on value-add buyers who are willing to invest time and resources into property management and enhancements, rather than passive hands-off operators.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.