Location: Cleveland County, NC | Metro: Cleveland County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 28089 stands out due to its small resident population of only 167 individuals, with a significant portion, 27.8%, renting their homes. The median income for residents is $75,000, indicating a relatively stable economic environment despite the lack of data on median home values. This scarcity of housing data points to an area that might be underdeveloped or has unique characteristics not captured in standard real estate metrics.
In terms of voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $950. However, the absence of market rent data means that it's challenging to assess how this compares to actual rental rates in ZIP 28089. Without a baseline for comparison, landlords and investors must rely on local knowledge and trends to determine if the FMR accurately reflects the rental market conditions.
The data signature for ZIP 28089 reads as transitional. With a small number of residents and a notable percentage of renters, combined with incomplete housing data, the area likely experiences frequent changes in its real estate landscape. Landlords and small-portfolio investors should keep an eye on local developments and continuously update their understanding of the rental market dynamics in this ZIP code.
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.