Location: Warren County, NC | Metro: Warren County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 27594 stands out due to its unique characteristics that differ significantly from typical real estate markets. With only 61 residents, it has an exceptionally low population density. Notably, there is a complete absence of rental activity, indicated by the 0.0% renting rate. This suggests that the area is predominantly composed of owner-occupied homes. However, the lack of data on median income and median home value complicates a comprehensive analysis of the economic health of the area.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930. Given the absence of market rent data, it's challenging to assess how competitive this figure is. The FMR is a critical metric for landlords participating in the Section 8 program, as it dictates the maximum allowable rent for subsidized units. In ZIP 27594, landlords should be aware that the voucher amount will cover up to $930 per month, but without comparative market data, it's difficult to gauge the attractiveness of this rate to potential tenants.
Based on the available data, the ZIP 27594 presents a picture that can be described as "stable." The absence of rental activity implies that the housing stock is primarily owned, which typically indicates a community with long-term residents. However, the lack of income and home value data introduces an element of uncertainty. Landlords and small-portfolio investors must proceed with caution, considering the limited information available to make informed decisions about property investments in this ZIP code.
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.