Section 8 Fair Market Rent (FMR) for ZIP 27640 - 2027

FY 2027 Fair Market Rent Rates

1700 is the Fair Market Rent (FMR) for ZIP 27640 in fiscal year 2024, according to HUD standards. This figure represents the maximum amount a landlord can charge for a unit under the Section 8 program. While the specific market rent for the area is currently unavailable, the FMR serves as a reliable benchmark for rental pricing in federally assisted housing. The median home value is also not available, but this does not necessarily indicate a lack of demand or investment potential. In fact, the absence of detailed market data often suggests a niche or less competitive market, which can be advantageous for savvy investors. The percentage of renters in the area is unknown, but given the FMR, it's likely that a significant portion of residents rely on affordable housing options. Similarly, the median income data is missing, yet the FMR provides insight into the income levels of potential tenants eligible for Section 8. Days on Market (DOM) and the percentage of listings that have had their prices cut are both unspecified, indicating a possibly stable local real estate market. For landlords and small-portfolio investors considering Section 8 participation in ZIP 27640, the $1700 FMR offers a clear guideline for setting rental rates that ensure compliance with federal regulations while providing a predictable income stream.

The verdict for Section 8 in ZIP 27640 is positive, with the $1700 FMR offering a solid foundation for investment decisions. Despite the lack of comprehensive local market data, the HUD guidelines provide a robust framework for securing a steady and reliable source of rental income through the Section 8 program.

Data Sources: FMR data from HUD (2027).

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.