Location: Northampton County, NC | Metro: Northampton County, NC
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 | $850 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $94,413 | 1.39% | A |
U.S. Census Bureau data (2024)
14.7% of the population in ZIP 27866 rents their homes, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050, which serves as a benchmark for rental pricing in the region. Despite the lack of specific data on market rent and days on market (DOM), the median home value stands at $103,078, suggesting that the housing market is relatively affordable compared to other areas. The median income in the area is $63,036, which can be used to gauge the financial capacity of potential tenants. Although there is no available data on the percentage of homes that have had their prices cut, the combination of the FMR and median home value provides insight into the local real estate landscape.
The $1,050 FMR is a critical figure for landlords and small-portfolio investors looking to understand the maximum allowable rent for Section 8 vouchers. This amount should be considered when setting rental rates to ensure compliance with federal guidelines and to attract tenants who qualify for the program. Given the median home value of $103,078, it's clear that the housing market in ZIP 27866 is accessible to a wide range of buyers and renters, potentially making it an attractive investment location for those interested in the rental market.
Investors should also take note of the median income of $63,036 when evaluating the financial stability of potential tenants. This income level is a key factor in determining eligibility for the Section 8 program and can help predict the likelihood of timely rent payments. With 14.7% of residents being renters, there is a notable segment of the population that could benefit from and utilize Section 8 vouchers, thus providing a steady stream of income for property owners willing to participate in the program.
In conclusion, ZIP 27866 presents a viable opportunity for landlords and small-portfolio investors interested in Section 8 properties, with a median home value of $103,078 and an FMR of $1,050 offering a clear path to compliance and profitability. The median income of $63,036 further supports the feasibility of renting to Section 8 participants. Verdict: ZIP 27866 is suitable for Section 8 investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.