Section 8 Fair Market Rent (FMR) for ZIP 28026 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 28026, located in North Carolina, is a region characterized by its blend of rural charm and suburban convenience, making it an interesting market for real estate investment. The area offers a variety of housing options, from single-family homes to apartments, catering to both homeowners and renters.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 28026 for fiscal year 2024 is set at $1350. This figure serves as a benchmark for rental pricing in the area, particularly for subsidized housing.
• Market rent data is currently unavailable for this specific ZIP code, indicating a lack of recent comprehensive surveys or reports that could provide insights into the actual rental prices being charged by private landlords.
• The median home value in ZIP 28026 is also not available, which suggests that detailed housing valuation data might be limited, possibly due to the mixed nature of the housing stock.
• Renter share data is missing, but given the presence of subsidized housing, it's likely that a significant portion of residents are renters rather than homeowners.
• The Days on Market (DOM) for properties in this area is not specified, which means we cannot determine the average time it takes for a property to sell once listed.
• Median household income data is unavailable, leaving us without a direct measure of the financial health of the local population and their ability to afford housing.

Despite the limitations in available data, the Fair Market Rent figure provides a clear indication of the baseline rental rates in ZIP 28026. Investors should focus on properties that can be rented close to or slightly above this rate to remain competitive and profitable. The absence of specific market rent, median home value, and median income figures underscores the need for thorough local research before committing to investments. Engaging with local real estate agents and reviewing recent sales and rental listings can help fill these data gaps. Additionally, understanding the local tenant base and the demand for rental properties, especially those eligible for subsidies, will be crucial for success in this market.

Data Sources: FMR data from HUD (2027).

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.