Section 8 Fair Market Rent (FMR) for ZIP 27531 - 2027

Location: Goldsboro, NC | Metro: Goldsboro, NC MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,010
1 Bedroom	$1,020
2 Bedrooms	$1,330
3 Bedrooms	$1,600
4 Bedrooms	$2,120
5 Bedrooms	$2,459
6 Bedrooms	$2,754
7 Bedrooms	$2,974
8 Bedrooms	$3,123

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

555

Median Household Income

$N/A

Housing Units

Renter Percentage

100.0%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 27531, located in North Carolina, is primarily a rural area with a significant focus on rental properties. This analysis aims to provide insights into the housing market dynamics, particularly for landlords and small-portfolio investors looking to understand the potential returns and challenges in this region.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 27531 for fiscal year 2024 is set at $1160. This figure serves as a benchmark for landlords when setting rental prices.
The market rent for ZIP 27531 is currently not available. However, given the high percentage of renters, it's likely that the local rental market is robust and competitive.
The median home value in ZIP 27531 is not available. This absence suggests a dominance of rental properties over owner-occupied homes in the area.
A striking characteristic of ZIP 27531 is that 100.0% of the households are renters, indicating a strong demand for rental properties and minimal competition from homeownership.
The days on market (DOM) for rental listings is not available. This metric would typically help gauge how quickly properties are leased in the area.
The median household income for ZIP 27531 is not available. Understanding the financial health of tenants can be crucial for assessing the risk of default on rental payments.

In summary, ZIP 27531 presents a unique opportunity for investors due to its complete reliance on rental housing. The Fair Market Rent provides a solid foundation for pricing, but the lack of other key metrics such as market rent and median income introduces some uncertainty. Despite this, the high renter share indicates a stable demand for rental properties, which could translate into steady cash flows for landlords and small-portfolio investors willing to navigate the data gaps.

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.