Location: Bertie County, NC | Metro: Bertie 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 | $770 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,210 | $114,013 | 1.06% | B |
U.S. Census Bureau data (2024)
31.6% of residents in ZIP 27983 are renters, indicating a significant demand for rental properties in the area. This aligns with the $750 market rent figure derived from the Census ACS, which is notably lower than the $970 Fair Market Rent (FMR) for the metro area in fiscal year 2026. Landlords can leverage this discrepancy by setting rents closer to the FMR to maximize profitability while still being attractive to potential tenants. The median home value of $63,454 suggests that the overall real estate market in this ZIP code is relatively affordable, which could be advantageous for investors looking to enter the market without high initial capital outlays.
$44,441 is the median income for households in ZIP 27983, which is below the national average but still sufficient to support rental payments at the $750 market rate. However, the gap between this median income and the $970 FMR highlights the financial strain many renters might face, making subsidized housing options like Section 8 increasingly appealing. The absence of data on days on market (DOM) and price-cut share indicates stability in the local real estate market, with fewer fluctuations in property values and rental rates.
In conclusion, the data points towards a market where Section 8 participation can be both financially viable and socially responsible for landlords and small-portfolio investors. With the current median income and market rent levels, there is a strong case for utilizing the $970 FMR to attract Section 8 tenants, ensuring a steady stream of rental income while providing affordable housing options. The verdict on Section 8 for ZIP 27983 is positive, given the alignment between tenant needs and investor opportunities.
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.