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 | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $95,882 | 1.29% | A |
| 3BR | $1,480 | $135,694 | 1.09% | B |
U.S. Census Bureau data (2024)
The market in ZIP 28119, Morven, NC, presents a dynamic scenario that can be inferred from the current snapshot of data. The Fair Market Rent (FMR) for the area is set at $1280 for fiscal year 2024, while the actual market rent, according to the Census American Community Survey (ACS), is significantly lower at $816. This discrepancy suggests that the rental market in Morven is currently experiencing a situation where supply may be outpacing demand, leading to rents being below the government-set benchmark.
A median home value of $104,411 indicates that homeownership is relatively affordable in this region. However, with a 27.2% renter share, it's clear that a significant portion of the population prefers or requires rental housing over ownership. This high percentage of renters could point to economic factors such as job instability, low income levels, or a younger demographic, which might sustain long-term housing pressure on the rental market. Landlords and small-portfolio investors should take note of these conditions, as they suggest a potential for steady demand among renters despite the current lower market rents.
The lack of specific data on price-cut share and days on market (DOM) for listings does not provide a complete picture of the housing market dynamics. However, the combination of a lower market rent compared to the FMR and a substantial renter population implies a market that is currently balanced but leans towards a higher supply of rental properties relative to demand. This balance is crucial for understanding the immediate pressures on property values and rental rates, without projecting future trends.
In summary, ZIP 28119 is a market characterized by affordable homeownership and a notable rental presence. The dynamics suggest a stable environment with a slight surplus of rental units, making it an area where careful management and strategic investment can lead to successful outcomes for landlords and small-portfolio investors alike.
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.