Location: Hertford County, NC | Metro: Hertford County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 27818, which stands at $930 for the metro area fiscal year 2026, sets the payment standard for Section 8 housing vouchers. This means that the government will pay up to $930 per month for a rental unit in this area, based on the voucher holder's income and other factors. However, it's important to note that this figure does not represent the rent you can charge your tenants; rather, it's the maximum amount the Housing Authority is willing to pay.
While there isn't specific data available for local rents in ZIP 27818, we can use the FMR as a benchmark. The FMR reflects the typical market rent for a moderate-quality rental unit, ensuring that voucher holders can find suitable housing without being overcharged.
The renter share in this area is 9.0%, indicating a significant portion of residents rely on rental housing. This suggests a steady demand for rentals, including those participating in the Section 8 program. Although there is no specific data on acquisition costs for properties in ZIP 27818, understanding the local real estate market can help you gauge how much you should spend on acquiring a property to ensure profitability.
Before proceeding with a Section 8 rental, verify that your property meets all the necessary standards set by the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary, and failing to meet these criteria could result in non-payment or termination of the lease agreement.
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.