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 | $1,030 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,250 | $209,320 | 0.6% | F |
| 3BR | $1,520 | $272,890 | 0.56% | F |
U.S. Census Bureau data (2024)
The ZIP code 28133, Peachland, NC, presents a unique challenge for renters given the local economic conditions and housing market rates. The median household income stands at $46,549, which places significant constraints on what families can afford for rent. At a market rate of $700 per month, based on Census ACS data, a household in this area would spend approximately 19.3% of their annual income on rent alone. This figure, while manageable, leaves little room for other essential expenses such as food, healthcare, and transportation.
Comparatively, the Fair Market Rent (FMR) for ZIP 28133 set at $1,150 for fiscal year 2024, represents a higher benchmark that aligns with government assistance programs. Vouchers issued under this standard would allow tenants to cover a larger portion of the rent, making it easier for them to find suitable housing. However, this also means that landlords who accept vouchers must be prepared to receive payments closer to this $1,150 mark rather than the lower market rate of $700.
Peachland has a rental population of 2,060, with 26.6% of residents being renters. Given the disparity between the median income and the FMR, there exists a notable affordability gap. This gap suggests that many potential renters might struggle to pay even the market rate without financial assistance, leading to increased competition among landlords for tenants who qualify for and utilize Section 8 vouchers.
For landlords considering their strategy regarding voucher acceptance versus cash-paying tenants, the key takeaway is clear. While accepting vouchers ensures a steady, government-backed income stream, it also requires setting rents at the higher FMR rate, which may limit the pool of available tenants to those with vouchers. Conversely, focusing on cash-paying tenants allows for potentially lower rents but introduces risks associated with the financial stability of renters in an area where incomes are relatively low. Landlords should weigh these factors carefully, considering both the immediate financial benefits and the long-term sustainability of their investment in Peachland, NC.
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.