Location: Dare County, NC | Metro: Dare County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,100 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
ZIP 27978, located in Dare County, NC, can serve as an appreciation play within a Section 8 portfolio strategy. Despite the lack of specific market data, the median home value of $334,215 suggests that there is potential for growth in property values over time.
The area's diverse rental market, with a 38.6% renter share, indicates a steady demand for rental properties. Additionally, the median income of $60,192 is relatively stable, supporting the potential for rental income to increase alongside property values. Although the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,320, the absence of specific market rent data makes it difficult to determine the exact spread between FMR and market rents. However, given the high median home value and stable median income, it is reasonable to expect that rental prices will rise over time, leading to increased cash flow and property appreciation.
To further support this strategy, consider the following listings from the area:
These listings demonstrate a range of property types and values, which can be leveraged to build a diversified Section 8 portfolio in ZIP 27978. The appreciation play strategy focuses on long-term gains rather than immediate cash flow, making it suitable for landlords and small-portfolio investors looking to grow their investment over time.
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.