Section 8 Fair Market Rent (FMR) for ZIP 27835 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 27835 in Greenville County, North Carolina, presents a unique scenario for real estate analysis due to the lack of specific demographic data. The absence of precise figures regarding the number of residents, the percentage of renters, median income, and median home value means that the typical economic indicators are not available. However, the focus shifts to the Federal Market Rent (FMR) data which is crucial for understanding the rental market dynamics under the Section 8 program.

The FMR for ZIP 27835 for fiscal year 2024 is set at $1160. This figure is significant because it represents the maximum amount that the Housing Choice Voucher program will pay for a rental unit. Landlords should note that this amount is an upper limit and actual payments can vary based on the tenant's income and other factors. Given the scarcity of market rent data, the FMR serves as a benchmark for rental pricing in this area. It is essential for landlords to align their rent expectations with this figure to ensure that their properties remain attractive to potential tenants using vouchers.

The data signature for ZIP 27835 reads as "stable" due to the reliance on federal guidelines for rental pricing. While specific local economic trends are obscured by the lack of detailed data, the consistent application of the FMR suggests a steady environment for rental properties. Small-portfolio investors should be aware that the lack of detailed local economic data might make it challenging to predict future changes in the housing market. Nonetheless, the adherence to federal standards provides a degree of predictability in the short term.

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.