Section 8 Fair Market Rent (FMR) for ZIP 28102 - 2027

Location: Anson County, NC | Metro: Anson County, NC HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$900
2 Bedrooms	$1,160
3 Bedrooms	$1,410
4 Bedrooms	$1,710
5 Bedrooms	$1,984
6 Bedrooms	$2,222
7 Bedrooms	$2,400
8 Bedrooms	$2,520

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

164

Median Household Income

$N/A

Housing Units

Renter Percentage

73.3%

Occupancy Rate

91.8%

Renter Occupied

The economics of Section 8 housing in ZIP code 28102 are governed by the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment, which is set at $1280 for fiscal year 2024. This SAFMR is specifically tailored for this ZIP code, reflecting local rental conditions more accurately than broader county or metropolitan averages.

Section 8 vouchers aim to cover the difference between what a low-income family can afford and the SAFMR. Typically, the tenant contributes 30% of their adjusted income towards rent. For example, if a tenant's adjusted income is $1000 per month, they would contribute $300 toward the rent. The remaining amount up to the SAFMR would be covered by the voucher program.

In addition to the base rent, utility allowances must also be considered. These allowances vary but generally range from $150 to $300 per month depending on the type of utilities included in the lease agreement. Therefore, if we assume an average utility allowance of $225, the total reimbursement a landlord might receive for a two-bedroom unit would be calculated as follows:

Tenant contribution: 30% of their adjusted income ($300 in our example).
Voucher reimbursement: Up to $1280 minus the tenant contribution ($980 in our example).
Utility allowance: An additional $225.

This means the landlord could receive a total of $1205 per month for a two-bedroom unit under these assumptions. However, the actual amount will depend on the specific income level of the tenant and any other adjustments made by the housing authority.

Given that the local market rent data is currently unavailable, it is important for landlords to understand that the SAFMR of $1280 represents the maximum rent a landlord can charge for a two-bedroom apartment in ZIP 28102 while still being eligible for Section 8 participation. If the market rent exceeds this figure, landlords may face a surplus where the voucher covers less than the market rate, leading to potential gaps that tenants must make up.

To illustrate the reimbursement gap or surplus, let's consider two scenarios:

If the market rent is below $1280, say $1200, the landlord would receive the full market rent plus the utility allowance, resulting in a surplus of $80 plus the $225 utility allowance, totaling $305 above the market rent.
If the market rent is above $1280, say $1350, the landlord would receive $1205, leaving a reimbursement gap of $145, which the tenant would need to cover from their own funds.

Thus, landlords in ZIP 28102 should carefully evaluate their rental rates against the SAFMR to ensure they are maximizing their income while remaining competitive in the local rental market.

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.