Location: Northampton County, NC | Metro: Hertford 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 | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $66,961 | 1.57% | A+ |
| 3BR | $1,280 | $93,135 | 1.37% | A |
U.S. Census Bureau data (2024)
The ZIP code 27897, located in Woodland, NC, is characterized by a significant rental population, with 38.6% of its 1,194 residents being renters. This makes it a moderately renter-heavy area, but not necessarily one with deep voucher demand. The median household income in this ZIP code is $56,694, which provides context for the affordability of housing.
The typical market rent of $856 represents approximately 15.1% of the median household income when considering a monthly basis. This percentage indicates that rent is a substantial expense for local residents, yet still manageable without necessitating extensive reliance on housing vouchers.
Comparing the market rent to the Fair Market Rent (FMR) of $980 for the fiscal year 2026 in the metropolitan area, we see that the market rent in Woodland, NC, is below the FMR. This suggests that rents in this area are relatively lower compared to the broader region, potentially making it more attractive to tenants seeking affordable housing options.
A landlord in this ZIP code can expect a tenant profile that includes individuals and families who are likely to be employed and earning incomes close to the median. These tenants may not rely heavily on housing vouchers, but some portion of the rental market could benefit from them given the economic conditions. It's important to note that while the rental population is considerable, it does not dominate the ZIP code, indicating a balanced mix between homeowners and renters.
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.