Location: Hyde County, NC | Metro: Hyde 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 | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $223,918 | 0.58% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 27824, located in Hyde County, North Carolina, reveals several key points regarding its suitability for rental investments.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area is set at $930 per month for fiscal year 2026, while the market rent based on Census ACS data stands at $865. This indicates that landlords can expect a slight premium over the current market rent if they align their pricing with the FMR, suggesting a positive outlook for rental income.
Regarding the affordability of acquisitions, the median home value in ZIP 27824 is $164,014. However, the data lacks specifics on the average days on market (DOM) and the percentage of homes that have been discounted. Without these details, it's challenging to provide a definitive assessment on how quickly properties might sell or at what price point adjustments are typically made. Despite this, the relatively low median home value implies that acquiring properties could be financially feasible for many investors.
Lastly, the tenant demand is a critical factor. With a total population of 1,109 and 30.4% of residents being renters, there is a notable but modest demand for rental housing. This suggests that while the pool of potential tenants is present, it may not be as large as in more densely populated areas, which could affect occupancy rates and competition among landlords.
In conclusion, ZIP 27824 presents an opportunity for rental investments, particularly given the alignment between market rents and FMRs, indicating potential for steady cash flow. The median home value supports affordable acquisitions, although the lack of detailed sales activity data introduces some uncertainty. Tenant demand is present, though limited by the small population size, which landlords must consider when evaluating the risk and potential returns of investing in this ZIP code. Overall, the area is suitable for cautious investors looking to capitalize on a niche market.
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.