Location: Wilson County, NC | Metro: Goldsboro, 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 | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $100,797 | 1.11% | B |
| 3BR | $1,350 | $221,401 | 0.61% | D |
| 4BR | $1,820 | $282,349 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 27830 in North Carolina is characterized by a significant rental market presence. With 35.4% of the population renting, it indicates a moderately renter-heavy environment, suitable for landlords and small-portfolio investors looking to cater to Section 8 tenants. The total population stands at 4,006, providing a reasonable pool of potential tenants.
The median household income in this ZIP code is $54,129, which serves as a critical benchmark when assessing the viability of rental properties. The market rent for the area is set at $877, representing approximately 16.2% of the median household income. This percentage suggests that typical rents are affordable for the majority of residents, including those who rely on housing vouchers.
Comparing the market rent to the Fair Market Rent (FMR) of $920 for FY 2024, we observe a slight discrepancy. The FMR is slightly higher, indicating that landlords might have some flexibility in setting rents closer to this figure without significantly deterring potential tenants. However, given the existing market conditions, maintaining a rent close to the $877 mark would likely attract a steady stream of interested renters.
In terms of voucher availability, the $877 market rent is just under the $920 FMR threshold, suggesting that vouchers could cover most, if not all, of the rental cost in this area. This makes ZIP 27830 particularly attractive for landlords willing to participate in the Section 8 program, as they can expect a robust demand from tenants utilizing these vouchers.
The tenant profile expected in this ZIP code includes individuals and families who benefit from Section 8 vouchers due to lower income levels. These tenants are likely to be sensitive to rent increases and will prioritize affordability. Landlords should prepare for a mix of long-term and possibly some short-term tenants, given the nature of subsidized housing programs. Ensuring compliance with HUD regulations and maintaining property standards will be key to success in this market segment.
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.