Location: Camden County, NC | Metro: Camden County, NC HUD Metro FMR Area
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 | $1,330 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,150 | $411,246 | 0.52% | F |
| 4BR | $2,540 | $465,643 | 0.55% | F |
U.S. Census Bureau data (2024)
7.7% of the population in ZIP 27976 rents their homes, indicating a modest demand for rental properties. However, the $1080 Fair Market Rent (FMR) for the area in fiscal year 2024 suggests that rental units can command a decent price, especially considering the $91,314 median household income. The median home value stands at $413,079, which reflects a stable housing market but also implies that purchasing a property might be out of reach for many residents, further supporting the need for affordable rentals. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, it's evident that the local economy supports a steady rental income. Given the N/A status for market rent, it's crucial to rely on the FMR as a benchmark for setting rental prices. For landlords and small-portfolio investors, the opportunity to leverage the Section 8 program in ZIP 27976 is favorable, as it ensures a reliable tenant base without the uncertainty of fluctuating market rents. The combination of a supportive median income and a defined FMR makes this an attractive investment zone. In conclusion, the Section 8 program in ZIP 27976 offers a solid foundation for rental investments, with a clear understanding of the financial parameters involved.
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.