Location: Granville 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 | $930 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $181,395 | 0.63% | D |
| 3BR | $1,590 | $304,918 | 0.52% | F |
| 4BR | $1,660 | $369,612 | 0.45% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 27574, located in Roxboro, NC, within the Granville County metro area, is favorable but tight. The Fair Market Rent (FMR) for FY 2024 is set at $920, while the Census ACS indicates a market rent of $968. This means that landlords can expect a slight premium over the FMR when renting properties, though it's important to note that the margin is relatively narrow.
Acquisition costs in this ZIP code are reasonable. With a median home value of $241,294, purchasing a property aligns well with the FMR. The lack of data on days on market (DOM) and the low price-cut share of 0.2% suggest that homes are selling quickly and without significant price reductions, indicating a stable market.
Tenant demand is present but not overwhelming. The population of 14,928 includes a 13.7% renter share, which translates to approximately 2,053 potential tenants. While this number is not large, it is sufficient to sustain rental properties, especially considering the stable market conditions.
Verdict: ZIP 27574 offers a viable opportunity for landlords and small-portfolio investors. The rent math works with a modest premium over FMR, making it possible to generate positive cash flow. Acquisition costs are affordable, and the quick sales indicate a healthy market. Tenant demand, although not high, is steady enough to support rental investments. However, investors should be cautious about relying solely on this ZIP code for their portfolio due to the limited number of potential renters.
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.