Location: Rowan County, NC | Metro: Rowan County, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
U.S. Census Bureau data (2024)
The ZIP code 28039 stands out due to its unique demographic characteristics. With only 39 residents, it represents one of the smallest communities in the county. Despite its small size, 39.3% of these residents rent their homes, indicating a significant portion of the population relies on rental housing. The lack of data on median income and median home value suggests that this ZIP code may have a diverse economic profile or that reliable data is not yet available.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 28039 in fiscal year 2024 is set at $1150. This figure is critical for landlords and small-portfolio investors as it dictates the maximum rent that can be charged for Section 8 eligible units. However, the absence of market rent data makes it challenging to compare the FMR against local market conditions. Landlords should be cautious and monitor local rental trends closely to ensure they are not over-relying on the FMR without considering the actual market dynamics.
The data signature for ZIP 28039 reads as transitional. Given the limited number of residents and the incomplete economic data, it is difficult to establish a stable baseline. Landlords and investors should approach this ZIP code with an understanding that it may be undergoing changes, which could affect long-term investment strategies. Keeping an eye on future updates to the median income and home values will provide clearer insights into the stability of the area.
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.