Location: Rocky Mount, NC | Metro: Rocky Mount, NC MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 27819 in Rocky Mount, NC MSA reveals that the HUD Fair Market Rent (FMR) of $1,180 for FY 2024 is significantly higher than the average market rent of $1,055 based on Census ACS data. This suggests that voucher tenants would generally provide positive cash flow at the FMR rate, making it a favorable scenario for landlords and small-portfolio investors.
To further evaluate the investment potential, consider the median home value in the area, which is currently not available. However, the absence of this figure does not hinder the analysis, as the primary focus remains on rental properties. The lack of data on days on market (DOM) and the percentage of price cuts also indicates a stable market with consistent demand for rental properties, reinforcing the viability of investing in this area.
The strong cash flow potential from voucher tenants is the most compelling aspect for investors in ZIP 27819. Given the discrepancy between the HUD FMR and the actual market rent, landlords can expect a steady income stream without the need for premium units. This makes the area particularly attractive for those seeking reliable returns and stability in their real estate investments.
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.