Location: Wilson County, NC | Metro: Goldsboro, 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 | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $128,413 | 0.87% | C |
| 3BR | $1,390 | $191,509 | 0.73% | D |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 properties in ZIP code 27883, Stantonsburg, NC, presents several challenges that landlords must consider. Firstly, tenant turnover is a significant risk. The market rent for the area stands at $1,125, while the Fair Market Rent (FMR) for FY 2024 is set at $930. This discrepancy means that landlords who rely on Section 8 vouchers might experience higher turnover rates as tenants seek better deals or move to areas where the voucher covers a larger portion of the rent.
Vacancy exposure is another concern. With an average Days on Market (DOM) figure not available, it's difficult to predict how long a property might remain vacant between tenants. This uncertainty can lead to financial strain, as landlords will need to cover expenses without rental income during these periods.
The deferred-maintenance exposure is also notable. Given the typical home value of $190,417 and a median household income of $61,185, landlords should anticipate that tenants may have limited resources for maintaining the property beyond their basic living needs. This could result in increased maintenance costs and potential damage to the property over time.
However, these risks are somewhat mitigated by the high renter share in the area, which is 25.5%. High renter density generally translates into greater demand for housing, including Section 8 vouchers. This demand can stabilize occupancy rates and provide a steady stream of tenants willing to use their vouchers to secure housing.
In conclusion, the risks associated with investing in Section 8 properties in ZIP code 27883 are moderate. Landlords should prepare for higher tenant turnover and potential vacancy periods, but the strong demand for rentals provides a buffer against these issues.
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.