Location: Halifax County, NC | Metro: Halifax 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 | $790 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,390 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $41,891 | 2.43% | A+ |
| 3BR | $1,390 | $96,096 | 1.45% | A |
| 4BR | $1,600 | $166,897 | 0.96% | C |
U.S. Census Bureau data (2024)
ZIP code 27823, located in Enfield, NC within the Halifax County, NC metro, presents an interesting mix of metrics compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, while 27823's market rent stands at $725. This indicates that 27823 offers rental rates that are approximately $205 lower than the metro average.
The median home value in 27823 is $74,857, which is significantly below the typical home values found in other ZIP codes within Halifax County. This low valuation suggests that properties in 27823 could be considered a value pocket within the metro area, appealing to investors looking for affordable entry points.
With a renter share of 34.8%, 27823 has a higher percentage of renters compared to the county average, which typically hovers around 30%. This elevated renter share, combined with below-average home values, can signal a sweet spot for Section 8 housing opportunities. Landlords and small-portfolio investors should consider the potential benefits of this ZIP code for government-subsidized rentals.
To summarize, 27823 is best classified as a value pocket within the Halifax County, NC metro. It boasts lower-than-average rental rates and home values, along with a higher-than-average percentage of renters. These characteristics make it particularly attractive for those involved in Section 8 housing programs, as it aligns well with the financial support structures provided by such programs.
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.