Location: Lincoln County, NC | Metro: Charlotte-Concord-Gastonia, NC-SC 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 | $1,160 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $2,130 |
| 5 Bedrooms | $2,471 |
| 6 Bedrooms | $2,768 |
| 7 Bedrooms | $2,989 |
| 8 Bedrooms | $3,138 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,730 | $353,109 | 0.49% | F |
U.S. Census Bureau data (2024)
The Federal Market Rent (FMR) for ZIP code 28006 stands at $1260 for fiscal year 2024, indicating a stable rental environment. However, the lack of available market rent data suggests that there might be limited recent activity or reporting in this area, which could imply a less dynamic rental market compared to others.
The median home value in ZIP 28006 is $344,076, providing a benchmark for property values. Although the percentage of price-cut share and days on market (DOM) are not specified, these missing details hint at a potentially balanced market, where neither buyers nor sellers hold a significant advantage. In a scenario where supply closely matches demand, it's common to see less pronounced trends in price reductions or sales velocity.
The 7.6% renter share in this ZIP code reveals a predominantly owner-occupied community. This low percentage of renters can signal long-term stability and potentially lower housing pressure, as fewer residents are subject to the volatility of rental markets. Landlords and small-portfolio investors should consider the implications of a market with a high owner-occupancy rate, which may affect the pool of potential tenants and the overall demand for rental properties.
Despite the limited data points, the snapshot of ZIP 28006 suggests a market where demand and supply are relatively in balance. The stable FMR without a corresponding market rent figure implies that the rental market is steady but not necessarily growing rapidly. The median home value offers insight into the overall economic health of the area, while the low renter share indicates a strong preference for homeownership among residents.
This combination of factors points to a market that is likely experiencing gradual changes rather than sharp fluctuations. For investors, understanding these dynamics is crucial for making informed decisions about property acquisitions and management strategies. The predominance of owner-occupied homes suggests a focus on long-term investment and maintenance, rather than short-term gains through renting.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.