Location: Northampton County, NC | Metro: Bertie 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 | $740 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $110,059 | 1.16% | B |
U.S. Census Bureau data (2024)
The market dynamics in ZIP code 27805 are indicative of an area where rental demand is robust, despite not having historical time-series data available. The Fair Market Rent (FMR) set at $950 for fiscal year 2026 suggests that the government's assessment of what constitutes a reasonable rent for the area is higher than the current market rent, which stands at $667 according to the Census ACS. This discrepancy points towards potential upward pressure on rents as the market adjusts to align with the FMR.
A median home value of $90,750 indicates that homeownership is relatively affordable, but the lack of percentage data for price-cut share and days on market (DOM) means we cannot directly assess the balance between supply and demand in the sales market. However, the low market rent relative to FMR implies that there may be more rental units available than there are renters willing to pay the higher FMR rates, suggesting a slight oversupply in the rental sector.
The 17.2% renter share provides insight into the long-term housing pressure. A lower renter share typically means a smaller proportion of the population is renting, which can reduce competition for rental units and potentially lead to lower rental prices. However, it also implies that there is a significant portion of the population that might struggle with homeownership due to financial constraints or other factors, thus creating a steady base of demand for rentals. This dynamic could support a stable rental market, but with limited growth potential unless external factors, such as job creation or population increase, drive up demand.
In summary, ZIP 27805 appears to have a rental market where demand is strong enough to keep rents stable but not high enough to push them up to the FMR level yet. The relatively low median home value suggests that homeownership remains accessible, which could influence the rental market by providing an alternative to renting for some residents. The modest renter share indicates a balanced situation, with neither overwhelming demand nor supply dominating the market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.