Location: Perquimans County, NC | Metro: Perquimans County, NC
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 | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $186,317 | 0.57% | F |
| 3BR | $1,470 | $304,809 | 0.48% | F |
| 4BR | $1,570 | $410,609 | 0.38% | F |
U.S. Census Bureau data (2024)
22.0% of residents in ZIP code 27944 are renters, indicating a steady demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030, which is slightly above the $1,014 market rent reported by the Census ACS. This suggests that landlords can reasonably expect to charge close to the FMR without significant vacancy concerns. The median home value in this area is $281,489, reflecting a moderate housing market where investment properties can be acquired at reasonable prices. With a median income of $67,938, tenants have the financial capacity to afford rents around the FMR, making the area attractive for rental investments. The N/A-day DOM figure implies that listings are moving quickly once they hit the market, reducing holding costs and increasing the likelihood of quick returns on investment. Lastly, the 0.1% price-cut share indicates that very few landlords need to lower their rents to attract tenants, suggesting strong pricing power in the rental market. In summary, the data points to a robust rental market in 27944, with favorable conditions for landlords and small-portfolio investors. The verdict for Section 8 participation in this area is positive, given the alignment between market rents and FMRs.
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.