Location: Granville County, NC | Metro: Granville County, NC
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 | $1,050 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $321,792 | 0.46% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 27581 hinges on analyzing its yield and stability metrics. The Federal Market Rent (FMR) for ZIP 27581 in fiscal year 2024 is set at $1,100, slightly above the current market rent of $1,096. This indicates a modest potential for rental income, given that the FMR is typically used as a benchmark for Section 8 payments.
The median home value in ZIP 27581 stands at $320,593, which provides context for the capital investment required. When comparing the FMR against the home value, we find a ratio that suggests reasonable but not exceptionally high yields. A rental income of $1,100 per month equates to an annual income of $13,200, which represents about 4% of the median home value. This is a moderate yield, indicating that while there is income potential, it is not particularly high relative to the investment size.
Moving to stability, the percentage of renters in ZIP 27581 is 10.8%. This figure is relatively low, suggesting that the majority of residents prefer homeownership over renting. Additionally, the median household income is $59,492, which is a critical factor for stability. Higher incomes generally correlate with lower risk of default on rental payments, making this area more stable for landlords.
The lack of available data on days on market (DOM) for vacant rentals complicates the assessment of vacancy risks. However, with the low percentage of renters and a decent income level, the overall stability is likely to be higher than average. Landlords can expect fewer issues with tenant turnover and payment defaults compared to areas with higher percentages of renters and lower income levels.
Based on these figures, ZIP 27581 leans towards being a steady-cashflow zone. The yield is moderate, and the stability is relatively high due to the low percentage of renters and the solid median income. While the potential for quick flips or high-yield investments is limited, the area offers reliable returns and lower risk, suitable for those seeking consistent cash flow rather than rapid appreciation or high rental income.
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.