Location: Martin County, NC | Metro: Martin County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
ZIP code 27841, located within the Martin County, NC metro, presents a unique rental landscape characterized by a fully rented market and a specific Fair Market Rent (FMR) figure. The FMR for ZIP 27841 is set at $970 for fiscal year 2026, which serves as a benchmark for rental affordability and eligibility for housing assistance programs.
A notable aspect of ZIP 27841 is its 100.0% renter share, indicating that all residents are renters, a significant divergence from typical ZIP codes within Martin County, NC. This high percentage of renters suggests a strong demand for rental properties, particularly those eligible for Section 8 subsidies. However, without specific market rent and home value data for comparison, it's challenging to definitively classify 27841 as a value pocket, mid-tier neighborhood, or premium sub-market relative to the broader Martin County, NC metro area.
The absence of market rent and home value data means we cannot directly assess how competitive or expensive the rental market is compared to other areas. However, given the 100.0% renter share and the defined FMR, it can be inferred that 27841 is likely to be an attractive location for landlords participating in the Section 8 program. The high renter share, combined with the defined FMR, points towards a reliance on subsidized housing, potentially making it a sweet spot for landlords who can secure tenants through the Section 8 program.
To provide a more precise analysis, it would be beneficial to have comparative data on market rents and home values for other ZIP codes within Martin County, NC. This would allow for a clearer understanding of where ZIP 27841 stands in terms of cost and investment potential. Until then, the available data suggest that 27841 is a highly rental-focused area, suitable for landlords looking to engage with a market heavily reliant on government housing assistance.
Data Sources: FMR data from HUD (2027). 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.