Location: Beaufort County, NC | Metro: Greenville, NC MSA
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 | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $324,951 | 0.41% | F |
| 4BR | $1,660 | $572,893 | 0.29% | F |
U.S. Census Bureau data (2024)
ZIP code 27817, located within Beaufort County, NC, presents a unique profile compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 27817 is set at $1160 for fiscal year 2024, which is higher than the market rent of $837. This indicates that properties in 27817 might be slightly overpriced relative to what tenants are currently paying on the open market.
The median home value in ZIP 27817 stands at $292,167. This figure suggests that the area is neither a value pocket nor a premium sub-market, but rather falls into the category of a mid-tier neighborhood. However, when considering the 24.2% renter share, it becomes evident that there is a significant portion of the population relying on rental housing, including potentially those utilizing Section 8 vouchers.
A noteworthy divergence is observed between the relatively high renter share and the below-average home values when compared to other ZIP codes in Beaufort County. Typically, a high renter share can signal a potential sweet spot for Section 8 landlords and small-portfolio investors, given the demand for affordable rentals. This combination suggests that while property values are moderate, the area could still present an attractive opportunity for investors looking to capitalize on the rental market.
To summarize, ZIP 27817 appears to be a mid-tier neighborhood within Beaufort County, NC, with a slightly inflated FMR and median home values lower than the county average. The high renter share, coupled with these factors, indicates a favorable environment for landlords and investors interested in the Section 8 program, as it aligns with areas where there is a strong need for subsidized housing options.
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.