Location: Pasquotank County, NC | Metro: Pasquotank County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
ZIP code 27906, located within Pasquotank County, NC, presents a unique scenario when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for the area is set at $1,220 for fiscal year 2026, which is a key figure for landlords and small-portfolio investors interested in Section 8 housing opportunities.
While specific market rent and home value data are not available for ZIP 27906, we can infer its position relative to other ZIP codes within the county based on the provided FMR. The FMR is used by the U.S. Department of Housing and Urban Development (HUD) to determine payment standards for Section 8 housing assistance. An FMR of $1,220 suggests that this ZIP code is likely to be a value pocket within the Pasquotank County metro. This means it offers rental properties at a price point that is more affordable than the average for the county, making it attractive for tenants receiving Section 8 benefits.
The lack of available market rent and home value data complicates a direct comparison with other ZIP codes in the county. However, the absence of such data might indicate that 27906 is less developed or has fewer properties listed compared to other areas, which could contribute to its status as a value pocket. In addition, the unknown percentage of renters could signal a concentration of rental properties that cater specifically to those with limited income, including those who benefit from Section 8 assistance.
A high renter share combined with below-average home values often indicates a prime location for Section 8 properties. Although we cannot confirm this for ZIP 27906 due to missing data, the low FMR suggests that landlords in this area should expect to receive lower rental payments from HUD if they choose to participate in the Section 8 program. This makes 27906 a potentially valuable but also a more modest investment opportunity within the Pasquotank County metro.
To conclude, ZIP 27906 appears to be a value pocket within its metro, offering rental opportunities at an FMR of $1,220. Landlords and investors should consider this when evaluating their potential returns and the type of tenants they wish to attract. While further data would provide a clearer picture, the existing figures suggest a focus on affordability and Section 8-friendly rentals.
Data Sources: FMR data from HUD (2027).
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.