Section 8 Fair Market Rent (FMR) for ZIP 27888 - 2027

Investment Score for ZIP 27888

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$860
1 Bedroom	$890
2 Bedrooms	$1,010
3 Bedrooms	$1,320
4 Bedrooms	$1,660
5 Bedrooms	$1,926
6 Bedrooms	$2,157
7 Bedrooms	$2,330
8 Bedrooms	$2,447

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,010	$143,386	0.7%	D
3BR	$1,320	$180,588	0.73%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 27888 (Walstonburg, NC, Wilson County, NC metro) fits well into a Section 8 portfolio strategy as an appreciation play. The Federal Market Rent (FMR) for ZIP 27888 in fiscal year 2024 is set at $1040 for a one-bedroom unit, which significantly exceeds the market rental rate of $593 for similar units. This creates a positive cash flow opportunity for landlords participating in the Section 8 program.

The median home value in ZIP 27888 is $184,991, which is relatively low compared to other areas in the state. However, the key factor here is the potential for property appreciation. With a low price-cut share and a non-applicable number of days on the market (DOM), properties in this area tend to sell quickly without significant price reductions, indicating a strong local real estate market.

The renter share in ZIP 27888 stands at 25.7%, and the median income is $55,167. These figures suggest that while there is a moderate demand for rentals, the income levels support the potential for steady rental growth over time. Landlords who invest in properties in this ZIP code can expect to benefit from both immediate positive cash flows due to the high FMR relative to market rates, and long-term capital appreciation as the local real estate market continues to strengthen.

Given these factors, ZIP 27888 is best suited as an appreciation play within a Section 8 portfolio strategy. Landlords should focus on properties that meet the quality standards required by the program and ensure they are priced appropriately to leverage the FMR. This approach will maximize both short-term cash flow and long-term equity growth.

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.