Location: Anson County, NC | Metro: Charlotte-Concord-Gastonia, NC-SC 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 | $1,150 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,300 | $244,267 | 0.53% | F |
| 3BR | $1,590 | $351,474 | 0.45% | F |
| 4BR | $2,020 | $519,691 | 0.39% | F |
U.S. Census Bureau data (2024)
The ZIP code 28103, located in Marshville, North Carolina, presents an interesting mix for landlords and small-portfolio investors looking at the Section 8 tenant pool. With a population of 10,714, the area has 18.5% of residents classified as renters. This percentage indicates that while there is a significant number of renters, the majority of the population still tends towards homeownership. The median household income in Marshville stands at $76,924, which provides a benchmark for assessing the affordability of housing.
The typical market rent in this area is $1,145, which represents approximately 14.8% of the median household income. This figure suggests that rent is a substantial but manageable portion of income for many households. It's worth noting that the Fair Market Rent (FMR) for the area, as determined by HUD for FY 2024, is $1,160. This means that the market rent is slightly below the FMR, indicating that landlords might have some flexibility in setting rents without exceeding the voucher limits.
Given these factors, landlords in ZIP 28103 can expect a moderate demand for Section 8 vouchers, rather than a highly saturated market. Tenants will likely be those who need assistance due to lower incomes relative to the median, or those who prefer the stability and predictability of subsidized housing. The tenant profile will include families and individuals who benefit from government rental assistance programs, ensuring that they can afford housing in the area despite the relatively high median income.
To conclude, while Marshville has a healthy number of renters, it is not dominated by them. The income levels suggest that typical market rents consume a significant portion of income, making rental assistance programs like Section 8 attractive to a segment of the population. Landlords should prepare for tenants who are financially supported through such programs, ensuring compliance with HUD regulations and providing quality housing that meets the needs of these residents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.