Location: Washington County, NC | Metro: Beaufort County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
ZIP code 27860 in Washington County, NC stands out within the local metro area with its Federal Market Rent (FMR) of $930 for fiscal year 2026. This figure is notably lower than the market rent of $1,045, indicating that it may be a value pocket for Section 8 eligible tenants. The average home value in 27860 is $149,288, which is likely below the county-wide average, suggesting that it could be an attractive location for landlords seeking to manage smaller investment properties.
The renter share of 27860 is 28.3%, slightly above the typical percentage seen in other ZIP codes within Washington County. This higher proportion of renters can be indicative of a neighborhood that is popular among those who qualify for Section 8 housing assistance. The combination of a below-average home value and a higher-than-average renter share points towards 27860 being a prime area for Section 8 investments.
In comparison to other ZIP codes in Washington County, 27860's metrics suggest it is positioned as a value pocket within the metro area. This classification is based on the lower FMR and market rent relative to home values, making it a cost-effective option for both tenants receiving Section 8 benefits and landlords managing affordable housing units. The area's characteristics align well with the needs of low-income families, thus creating a favorable environment for Section 8 participation.
Investors should note the disparity between the FMR and market rent, which presents opportunities to offer competitive rental rates while still maintaining profitability. Additionally, the presence of a higher renter share can be leveraged to ensure steady demand for rental properties, particularly those that accept Section 8 vouchers.
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.