Location: Northampton County, NC | Metro: Northampton County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 27853 in metro FY 2026 is set at $1,030. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which is the maximum amount that the government will pay on behalf of eligible tenants towards your rental property. It's important to note that this does not mean you can charge $1,030 as rent; it only indicates the reimbursement limit.
In ZIP 27853, the local median gross rent is currently listed as N/A, making direct comparisons challenging. However, the FMR provides a benchmark for landlords to understand what the government considers a fair rent for the area.
The 32.3% renter share in this ZIP code suggests that there is a significant portion of the population renting homes, indicating strong demand for rental properties. This high percentage of renters could translate into a steady stream of potential tenants for your Section 8 rental unit.
When considering the acquisition cost of a property in this area, the median household income of $97,328 offers insight into the economic health of the community. This income level suggests that the neighborhood is economically stable, which can be beneficial for long-term investments. However, it also implies that the average resident might not rely heavily on Section 8 vouchers, meaning you should focus on finding tenants who truly need the assistance.
Before finalizing your decision to participate in the Section 8 program with a rental property in ZIP 27853, verify that your property meets the required standards. The Housing Quality Standards (HQS) inspection ensures that your home is safe and livable, which is mandatory for all Section 8 rentals. This inspection is critical because failing to meet these standards can result in reduced payments or even termination of your contract with the housing authority.
In summary, the FMR of $1,030 sets a clear ceiling for government reimbursement, while the 32.3% renter share points to robust demand. The median income of $97,328 supports the idea of a stable investment environment. Ensure your property passes the HQS inspection to avoid any complications once you start renting under the Section 8 program.
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.