Location: Raleigh-Cary, NC | Metro: Goldsboro, NC MSA
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 | $1,060 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $176,472 | 0.69% | D |
| 3BR | $1,500 | $282,548 | 0.53% | F |
| 4BR | $1,980 | $371,391 | 0.53% | F |
U.S. Census Bureau data (2024)
ZIP code 27569 represents a portion of Princeton, NC, characterized by a modest population of 8,833 residents. Within this community, 31.9% of the inhabitants are renters, indicating a notable demand for rental properties. The area enjoys a relatively high median household income of $78,850, which suggests that the local economy supports a comfortable standard of living. Median home values in the region stand at $279,413, reflecting a stable housing market with homes that are neither excessively expensive nor cheap.
From an investment perspective, the economic landscape is intriguing. The Fair Market Rent (FMR) for ZIP 27569 in fiscal year 2024 is set at $1,280, while the actual market rent, according to the Census American Community Survey (ACS), is approximately $950. This gap between FMR and market rent can be advantageous for landlords who participate in the Section 8 program, as they receive higher subsidies compared to the local average rent. Consequently, landlords can potentially increase their cash flow by leveraging the difference between these two figures.
The question remains whether this area suits a hands-off voucher operator or requires a more engaged value-add buyer. Given the disparity between FMR and market rent, a hands-off approach could still yield satisfactory returns, especially if the landlord maintains properties that meet the basic requirements of the Section 8 program. However, a value-add buyer might find opportunities to enhance property value through renovations or improvements, thereby attracting tenants willing to pay closer to the FMR. In summary, ZIP 27569 presents a balanced opportunity for both types of investors, but those who are willing to actively manage and improve their properties will likely see greater financial rewards.
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.