Location: Wilson County, NC | Metro: Wilson 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 | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $167,582 | 0.78% | D |
U.S. Census Bureau data (2024)
The ZIP code 27813 presents several challenges for potential Section 8 landlords. Tenant turnover is likely to be higher due to the difference between the market rent of $868 and the Fair Market Rent (FMR) of $1,020 for fiscal year 2026 in the metropolitan area. This gap suggests that tenants might move out when they find better deals elsewhere, which can lead to increased vacancy rates. With the Days on Market (DOM) being N/A, it's difficult to predict how long a property might remain vacant, adding uncertainty to cash flow stability.
Deferred maintenance is another concern. The typical home value of $169,559 contrasts sharply with the median income of $49,267, indicating that residents may struggle to afford necessary repairs, even if they are responsible for maintaining their rental units. This financial strain could result in properties deteriorating faster than expected, necessitating more frequent and costly renovations.
However, these risks must be weighed against the high renter share of 38.9%. A significant portion of the population relies on renting, which generally translates into a higher demand for rental housing and an increased likelihood of Section 8 voucher holders seeking accommodation. This high renter density can provide a steady stream of tenants, reducing the impact of any individual tenant's departure.
In conclusion, the ZIP code 27813 poses a moderate risk for a first-time Section 8 landlord. While there are notable challenges such as tenant turnover and deferred maintenance, the high concentration of renters offers some assurance of consistent demand for affordable housing.
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.