Location: Martin County, NC | Metro: Rocky Mount, 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 | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $124,100 | 1.13% | B |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 27843 presents a unique set of conditions that will influence pricing power and investment strategy over the next 12 to 24 months. With a median home value of $109,195, the area stands out as an affordable option for both buyers and investors. The fact that the percentage of listings reduced is not available suggests a stable market where sellers are holding firm on their asking prices, indicating a strong sense of confidence in the local housing value.
The median days on market (DOM) being unspecified can be interpreted as a fast-moving market where homes are selling quickly, further supporting the notion that demand is robust relative to supply. This quick turnover signals that landlords and small-portfolio investors can expect to maintain or potentially increase rental rates due to the sustained interest in the area's properties.
On the rental side, the Fair Market Rent (FMR) for ZIP 27843 is set at $940 for fiscal year 2024, while the current market rent based on Census ACS data is $279. This significant gap between the FMR and the actual market rent indicates substantial room for rental price increases, aligning with the potential for rising property values. Landlords can capitalize on this by gradually adjusting rents upwards, which is feasible given the low market rent compared to the FMR.
For long-term investors, the setup points toward a realistic appreciation thesis. The combination of a relatively low median home value, coupled with the potential for rental rate increases, suggests that property values are likely to rise over time. This upward trajectory is driven by the underlying demand for housing and the affordability of the area, making it attractive for first-time buyers and investors alike.
In conclusion, the data for ZIP 27843 implies a market where landlords and small-portfolio investors can maintain pricing power through steady home value appreciation and the ability to incrementally raise rents. The low median home value and the potential for rental rate increases create a favorable environment for those looking to invest in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.