Location: Bertie County, NC | Metro: Bertie County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The Section 8 program in ZIP code 27847 presents a unique opportunity for landlords and small-portfolio investors due to the discrepancy between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area in fiscal year 2026 is set at $1,380, while the Census ACS reports the current market rent at $1,177. This creates a gap of $203, or approximately 17%, in favor of the FMR.
This positive gap means that landlords accepting Section 8 vouchers can potentially achieve higher yields compared to renting to non-voucher tenants at the prevailing market rate. By participating in the Section 8 program, landlords can charge a rent closer to the FMR, thereby increasing their cash flow per unit. Given the local context where 36.6% of residents are renters and the median home value stands at $50,730, it's evident that many households rely on affordable rental options. With a median income of $62,205, the Section 8 program helps bridge the affordability gap, making it easier for lower-income families to find suitable housing.
The higher FMR also implies that voucher holders are willing to pay more for rent than what the market currently demands. This is beneficial for property owners who can leverage this willingness to secure better returns on their investments. However, it's important to note that the Section 8 program comes with certain administrative and maintenance responsibilities. Landlords must ensure their properties meet Housing Quality Standards (HQS), and there may be additional paperwork and inspections required.
In summary, the gap between the FMR and the market rent in ZIP 27847 makes it a strategic choice for landlords looking to maximize their investment yields. The local demographic, with a significant portion of renters and a median income that supports the need for affordable housing solutions, further solidifies the appeal of the Section 8 program in this area.
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.