Location: Anson County, NC | Metro: Anson County, NC 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 | $880 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,130 | $98,973 | 1.14% | B |
| 3BR | $1,350 | $156,312 | 0.86% | C |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 28091, Lilesville, NC, in fiscal year 2024 is set at $940. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, known officially as the Housing Choice Voucher Program. It's important to note that this is not necessarily the rent you will receive; it's the payment standard used by the government to determine the maximum subsidy for tenants.
In comparison, the average rent for the area based on Census American Community Survey (ACS) data is $854. This means that the FMR is slightly higher than the typical market rate, which could be beneficial for landlords participating in the Section 8 program. The higher FMR helps cover any potential discrepancies between the market rate and the actual rent charged, ensuring that landlords receive a fair compensation for their properties.
The 26.5% renter share indicates that over a quarter of the households in Lilesville are renters, creating a substantial demand for rental housing. This high percentage of renters suggests that there is a significant market for Section 8 vouchers in the area, making it a viable option for landlords looking to fill vacancies.
When considering the acquisition cost of a property in Lilesville, the median home value is around $114,196. This figure can help you understand the initial investment required to purchase a rental property in the area. Given the relatively low median home value, combined with the higher FMR compared to the average rent, it might be a good time to enter the Section 8 market.
Before you decide to accept a Section 8 tenant, verify that your property meets the local housing quality standards (HQS). These standards ensure that the property is safe, decent, and sanitary for tenants. Failure to meet these requirements can result in penalties or loss of voucher funding. Once confirmed, you can proceed with confidence, knowing that your investment aligns with both the local rental market and the needs of Section 8 participants.
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.