Section 8 Fair Market Rent (FMR) for ZIP 27969 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,680
1 Bedroom	$1,700
2 Bedrooms	$1,900
3 Bedrooms	$2,610
4 Bedrooms	$3,090
5 Bedrooms	$3,584
6 Bedrooms	$4,014
7 Bedrooms	$4,335
8 Bedrooms	$4,552

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

111

Median Household Income

$N/A

Housing Units

Renter Percentage

39.1%

Occupancy Rate

93.2%

Renter Occupied

The ZIP code 27969, located in North Carolina, presents a unique opportunity for real-estate investors interested in the Section 8 housing market. The area is characterized by a significant portion of renters, making it a prime location for properties that can be leased through government-assisted programs.

Fair Market Rent (FMR) for the ZIP code 27969 for fiscal year 2024 is set at $1050. This figure represents the maximum amount that a Section 8 tenant can pay towards their monthly rent, which is crucial for determining the viability of renting properties under this program.
Renter Share is 39.1%. This indicates that nearly 4 out of every 10 residents in the area are renters, highlighting the strong demand for rental properties, including those eligible for Section 8 subsidies.
Data on market rent and median home values are currently unavailable. This absence of information suggests a less competitive market, potentially allowing for higher margins when leasing properties through the Section 8 program.
Median income data for the area is also not available. Without this information, it's difficult to assess the economic profile of potential tenants, though the presence of a significant renter population implies a mix of income levels typical for subsidized housing.
Days on Market (DOM) data is currently not available. This metric would typically indicate how quickly properties are being sold or rented, but its unavailability does not necessarily imply slow sales or rentals given the limited data points.

Investors looking to enter the Section 8 market in ZIP code 27969 should focus on properties that align with the $1050 FMR. With a substantial renter share and potentially lower competition due to missing market data, there is a good chance of attracting tenants who benefit from the Section 8 program. However, the lack of median income data means that careful screening of potential tenants will be necessary to ensure they meet eligibility criteria. Overall, the ZIP code offers a niche investment opportunity with a strong foundation in the local rental market dynamics.

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.