Location: Rutherford County, NC | Metro: Polk County, NC
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 | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $960 | $195,640 | 0.49% | F |
| 2BR | $1,120 | $199,531 | 0.56% | F |
| 3BR | $1,500 | $283,902 | 0.53% | F |
| 4BR | $1,530 | $391,527 | 0.39% | F |
| 5BR | $1,775 | $513,800 | 0.35% | F |
U.S. Census Bureau data (2024)
The ZIP code 28139, located in Rutherfordton, NC within the Rutherford County, NC metro area, exhibits several characteristics that set it apart from typical ZIP codes in the county. With a Fair Market Rent (FMR) of $1,060 for fiscal year 2026, it aligns closely with the metro average but stands out when compared to the market rent of $818. This suggests that while the government's rental subsidy standards are higher, actual rents in the area are lower, potentially making it an attractive option for tenants seeking affordable housing.
The median home value in ZIP 28139 is $253,436, which is notably above the typical home values found in other ZIP codes within Rutherford County. This indicates that the area might be considered slightly more upscale or desirable, attracting homeowners willing to pay a premium for property.
A significant point of interest is the 21.4% renter share in ZIP 28139. This percentage is higher than what is typically seen in the broader Rutherford County, suggesting a concentration of renters. When combined with the below-metro average market rent, this could signal a potential sweet spot for Section 8 landlords. The higher renter share with relatively lower market rents suggests a market where subsidized housing can be more easily accommodated without exceeding typical rental costs.
In summary, ZIP 28139 appears to be a value pocket within the Rutherford County, NC metro. It offers a balance between affordability for renters and slightly higher home values, making it a strategic location for landlords and small-portfolio investors interested in the Section 8 program. The discrepancy between FMR and market rent, along with the elevated renter share, points towards a favorable environment for properties eligible under the Section 8 housing assistance program.
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.