Location: Vance County, NC | Metro: Person County, 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 | $970 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $187,246 | 0.61% | D |
| 3BR | $1,430 | $292,277 | 0.49% | F |
| 4BR | $1,720 | $381,454 | 0.45% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 27565 does not align favorably for landlords. The Fair Market Rent (FMR) set at $1080 for FY 2024 contrasts sharply with the actual market rent of $914 as reported by the Census ACS. This discrepancy suggests that landlords may struggle to cover costs and maintain profitability at the higher FMR rate.
Acquisition in ZIP 27565 is relatively affordable. With a median home value of $256,769, the area presents an opportunity for purchase without the need for extensive capital. However, the lack of data on days on market (DOM) and the low 0.3% share of homes experiencing price cuts indicate that the market might be stable but not particularly dynamic, suggesting limited urgency among sellers.
Tenant demand in ZIP 27565 is present but not overwhelming. The total population stands at 23,826, with 31.2% being renters. This implies a steady pool of potential tenants but also indicates that competition for rental properties could be significant, given the proportion of renters in the area.
Verdict: ZIP 27565 offers a mixed picture for landlords and small-portfolio investors. While the acquisition cost is reasonable, the gap between FMR and market rent poses a challenge. Tenant demand exists, but the competitive landscape means landlords must be strategic about pricing and property management to ensure profitability. Given these factors, investment in this ZIP code should be approached with caution and thorough understanding of local market dynamics.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.