Location: Halifax County, NC | Metro: Halifax 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 | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $31,481 | 3.21% | A+ |
| 3BR | $1,380 | $61,151 | 2.26% | A+ |
| 4BR | $1,580 | $121,632 | 1.3% | A |
U.S. Census Bureau data (2024)
The ZIP code 27890, located in Weldon, North Carolina, stands out due to its unique demographic and economic characteristics. With a population of 2,258 residents, it has a significant rental market, where 50.3% of the residents rent their homes. The median income for residents is $36,875, while the median home value is notably higher at $58,924.
For landlords and small-portfolio investors considering the Section 8 program in this area, the voucher economics are favorable. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, whereas the current market rent is estimated at $730 according to the Census ACS data. This means that landlords can potentially receive a premium of $200 per month over the market rate when participating in the Section 8 program.
Given the data, the ZIP code 27890 appears to be stable. The relatively high median home value compared to the median income suggests that the housing market is somewhat insulated from broader economic fluctuations. However, the significant rental market indicates a steady demand for affordable housing, which aligns well with the Section 8 program's objectives. Landlords should note that the stability also implies a predictable environment, making long-term investments in rental properties a viable strategy.
In conclusion, Weldon's ZIP 27890 offers a promising opportunity for those interested in the Section 8 program. The economic conditions and rental dynamics create an advantageous scenario for landlords looking to benefit from both the local rental market and federal assistance programs. The area's stability ensures a reliable investment climate, with potential for steady returns through participation in the Section 8 voucher system.
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.