Location: Washington County, NC | Metro: Tyrrell County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
960 FMR (metro FY 2026) sets a clear guideline for rental assistance in ZIP 27928, ensuring that tenants receiving Section 8 benefits can afford living spaces without financial strain. 941 market rent (Census ACS) reflects the actual cost landlords can expect from tenants, slightly below the FMR, indicating a healthy balance between affordability and profitability. 120,746 median home value underscores the overall property value in the area, suggesting that investments in real estate here are likely to hold their worth over time. 20.5% renter share highlights the significant portion of the population that relies on rental properties, making it a viable market for landlords and investors. 65,625 median income provides insight into the economic stability of the residents, supporting the potential for consistent rental payments. While N/A-day DOM and N/A% price-cut share indicate incomplete data, which could suggest a steady demand without the need for aggressive pricing strategies, the figures we have paint a picture of a stable and potentially profitable market. The close alignment of market rents with the FMR also suggests that there is little room for substantial price increases, but the median home value and income levels support a solid investment base. In conclusion, ZIP 27928 presents a balanced opportunity for Section 8 participation, with reasonable market rents and a supportive economic environment that ensures both tenant stability and landlord profitability.
Verdict: ZIP 27928 is a suitable location for Section 8 landlords and investors, given the stable economic indicators and moderate rent levels.
Data Sources: FMR data from HUD (2027). 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.