Location: Greenville, NC | Metro: Greenville, NC MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
The ZIP code 27833 in Greenville County, North Carolina, stands out due to limited data availability. The exact number of residents, percentage of renters, median income, and median home value are not specified, making it challenging to provide a detailed economic analysis based on these factors.
However, the voucher economics for this area are clear. The Fair Market Rent (FMR) for ZIP 27833 in fiscal year 2024 is set at $1160. This figure is crucial for landlords and small-portfolio investors as it defines the maximum rental assistance amount that can be provided to tenants through the Section 8 Housing Choice Voucher program. Despite the lack of specific market rent data, the FMR serves as a benchmark for rental rates in the area, guiding both landlords and tenants on expected costs and subsidies.
Given the absence of historical data points and trends, the overall data signature for ZIP 27833 reads as transitional. This means that while there are opportunities for investment, caution is advised due to the uncertainty surrounding population dynamics and housing market conditions. Landlords should closely monitor local real estate trends and engage with local agencies to stay informed about changes in the rental landscape.
Data Sources: FMR data from HUD (2027).
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.