Location: Hyde County, NC | Metro: Hyde County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,300 |
| 1 Bedroom | $1,520 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
U.S. Census Bureau data (2024)
The rent math in ZIP 27960, located in Hyde County, North Carolina, does not favor landlords. The Fair Market Rent (FMR) set at $1,840 for the fiscal year 2026 is significantly higher than the current market rent of $1,408, based on Census ACS data. This discrepancy suggests that tenants might struggle to meet the higher FMR standards, potentially leading to vacancy issues.
Regarding property acquisition, the data indicates that it is challenging to pinpoint exact affordability due to the median home value being listed as N/A and the days on market (DOM) also marked as N/A. Additionally, the price-cut share stands at a mere 0.1%, which implies that homes are not often discounted, making it difficult to find deals. These factors suggest that acquiring properties in ZIP 27960 may be less financially viable compared to other areas.
Tenant demand in ZIP 27960 is modest. With a total population of 723, only 23.3% of residents are renters. This low percentage of renters means that the pool of potential tenants is limited, which could impact occupancy rates negatively. Landlords must consider the relatively small number of people looking to rent when assessing the viability of investing in this area.
In conclusion, while the ZIP code shows some signs of stability, the rent math is unfavorable, acquisition costs seem high without significant discounts, and tenant demand is limited. Landlords and small-portfolio investors should proceed with caution and carefully evaluate these factors before considering investment in ZIP 27960.
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.