Location: Camden County, NC | Metro: Camden County, NC HUD Metro FMR Area
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 | $1,210 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,900 | $395,292 | 0.48% | F |
| 4BR | $2,290 | $479,720 | 0.48% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 27921 in the HUD Metro FMR Area of Camden County, NC, reveals several key points that should inform investment decisions. The HUD Fair Market Rent (FMR) for the area is set at $1010 per month for the fiscal year 2024. This figure is notably lower than the market rent, which stands at $1,241 according to Census ACS data. Given these numbers, voucher tenants would typically generate a marginal cash flow at the FMR rate, meaning landlords might see a slight profit but would need to manage costs carefully.
To further analyze the investment potential, consider the median home value in the area, which is $391,755. This yields a rent-to-price ratio of approximately 0.31%, indicating that rental income is relatively low compared to property values. However, this ratio can be beneficial for investors looking for long-term stability rather than immediate high returns, as it suggests a market where housing values are strong and likely to remain so.
The dynamics between renting and buying in the area are also important. With a median Days on Market (DOM) of N/A and a price-cut share of 0.2%, the data suggest that homes are selling quickly and without significant discounts. While these figures do not directly impact the cash flow from Section 8 rentals, they indicate a robust local economy and housing market, which can support higher property values over time.
In conclusion, the strongest angle for Section 8 investors in ZIP 27921 is stability. Despite the marginal cash flow at the FMR rate, the combination of steady housing values and a healthy local economy provides a solid foundation for long-term investment success.
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.