Location: Rowan County, NC | Metro: Rowan County, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
The ZIP code 28145 in Rowan County, North Carolina, presents a unique challenge for real-estate analysts due to the lack of comprehensive demographic data. Specifically, there is no available information on the number of residents, the percentage of renters, median income, or median home value. This absence of key metrics makes it difficult to paint a clear picture of the area's economic stability or transitional phases.
Despite these gaps, insights can still be gleaned from the Section 8 voucher economics. The Fair Market Rent (FMR) for ZIP 28145 is set at $1120 for fiscal year 2024. This figure represents the maximum amount that a landlord can receive through the Section 8 program for renting out a unit in this ZIP code. However, without the corresponding market rent data, it's challenging to assess how competitive this rate is within the local rental market.
In terms of stability, the data signature for ZIP 28145 leans towards being transitional. The lack of detailed demographic information suggests that the area might be undergoing changes that have yet to be fully captured by statistical surveys. Landlords and small-portfolio investors should proceed with caution, considering the limited data available when making investment decisions. It is advisable to conduct further research and gather additional local insights before committing to any significant investments in this ZIP code.
Data Sources: FMR data from HUD (2027).
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.