Location: Hertford County, NC | Metro: Hertford County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The ZIP code 27942, located in a county with a distinct economic profile, has a population of 766 residents, with 26.0% of them renting their homes. The median income in this area stands at $44,271, indicating a moderate economic status among its inhabitants. However, the lack of data on the median home value suggests that homeownership might be less prevalent or the data is insufficient to provide a comprehensive overview.
For Section 8 landlords and small-portfolio investors, the most critical figure is the Fair Market Rent (FMR), which is set at $1,110 for the metro area in fiscal year 2026. This amount represents the maximum rent allowed for a Section 8 voucher holder in the region. Unfortunately, the absence of specific market rent data for ZIP 27942 means that direct comparisons cannot be made, but it's reasonable to assume that the FMR is designed to reflect typical rental costs in similar areas.
The voucher economics in this ZIP code are straightforward: landlords can expect to receive $1,110 per month for a unit that qualifies under the Section 8 program. Given the low percentage of renters and the moderate median income, landlords should be prepared for a smaller pool of potential tenants. However, the stability of the FMR provides a reliable income source for those who choose to participate in the program.
Evaluating the data signature of ZIP 27942, it reads as "stable." The presence of a defined FMR and a consistent median income suggest that the local economy is predictable, even if the rental market is relatively small. This stability can be beneficial for landlords and investors looking for steady returns without the risk associated with rapidly changing markets.
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.