Section 8 Fair Market Rent (FMR) for ZIP 27926 - 2027

Location: Gates County, NC | Metro: Gates County, NC HUD Metro FMR Area

Investment Score for ZIP 27926

N/A

Monthly Rent (2BR)

$1,750

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$1,550
1 Bedroom	$1,570
2 Bedrooms	$1,750
3 Bedrooms	$2,420
4 Bedrooms	$2,850
5 Bedrooms	$3,306
6 Bedrooms	$3,703
7 Bedrooms	$3,999
8 Bedrooms	$4,199

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,420	$291,833	0.83%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,983

Median Household Income

$57,333

Housing Units

799

Renter Percentage

16.5%

Occupancy Rate

88.1%

Renter Occupied

116

The ZIP code 27926, located in North Carolina, is a suburban area that offers a mix of residential and rural landscapes. It's known for its quiet neighborhoods and proximity to urban amenities, making it attractive for both homeowners and renters. For real estate investors, particularly those interested in Section 8 properties, understanding the local rental market dynamics is crucial.

The Fair Market Rent (FMR) for ZIP 27926 for fiscal year 2024 is set at $1110. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher holder, ensuring affordability for low-income tenants.
While the market rent is currently N/A, it's important to note that the absence of this data doesn't necessarily indicate a weak market, but rather a lack of recent comprehensive studies on the area's rental rates.
The median home value in ZIP 27926 stands at $276,682. This suggests a moderate cost of entry for property owners, which can be balanced against the FMR to determine profitability.
Renters make up 16.5% of the population, indicating a smaller but still significant demand for rental properties, including those that cater to Section 8 participants.
The Days on Market (DOM) is N/A, which could imply either a stable market where homes sell quickly, or a lack of data on how long listings typically remain active before sale.
The median household income in the area is $57,333, providing insight into the economic profile of potential tenants and buyers.

Given the FMR of $1110 and a median home value of $276,682, investors in ZIP 27926 can expect a balanced market with opportunities for both single-family rentals and small portfolio investments. The lower renter share indicates a competitive environment for rental properties, necessitating well-maintained and affordable units to attract Section 8 tenants. The median income provides a baseline for assessing the financial stability of potential residents, aiding in risk management for landlords. Overall, the area presents a stable investment climate, with a focus on maintaining quality properties to appeal to the local rental market.

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.