Location: Charlotte-Concord-Gastonia, NC | Metro: Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,440 |
| 1 Bedroom | $1,500 |
| 2 Bedrooms | $1,630 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,530 |
| 5 Bedrooms | $2,935 |
| 6 Bedrooms | $3,287 |
| 7 Bedrooms | $3,550 |
| 8 Bedrooms | $3,728 |
ZIP code 28082, located within the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1350 for fiscal year 2024. This figure is a key indicator used by the Department of Housing and Urban Development (HUD) to determine eligibility for housing assistance programs such as Section 8.
Comparatively, the typical HUD Metro FMR Area ZIP codes within Charlotte-Concord-Gastonia have varying FMRs, but specific data on market rents, home values, and renter shares are not available for ZIP 28082. However, we can infer some insights based on the provided FMR alone.
The FMR of $1350 suggests that ZIP 28082 could be considered a value pocket within its larger metropolitan area. This is because lower FMRs generally indicate more affordable rental properties, which are attractive to both landlords seeking stable occupancy rates and small-portfolio investors looking for solid returns without the need for high-end properties.
Without specific market rent data, it's challenging to provide a direct comparison; however, the absence of this information might imply that 28082 does not have significant fluctuations from the average market rent within the Charlotte-Concord-Gastonia area. Similarly, the lack of home value data means we cannot make a direct assessment of property values relative to other ZIP codes, but it's reasonable to assume that if the FMR is lower, the home values might also be more modest compared to premium sub-markets.
The renter share being N/A indicates that there isn't enough data to accurately determine the percentage of renters in this ZIP code. However, if we were to find that the actual renter share is notably higher than the average within the Charlotte-Concord-Gastonia area, combined with the lower FMR, this would signal a potential sweet spot for Section 8 participants. High renter share in an area with below-average home values often means a concentration of affordable housing options, beneficial for those relying on rental assistance.
In summary, ZIP 28082 appears to be positioned as a value pocket within the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area, offering opportunities for landlords and small-portfolio investors interested in a more affordable segment of the real estate market. Further specific data on market rents and home values would refine this analysis, but the current FMR suggests a focus on stability over premium pricing.
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.