Section 8 Fair Market Rent (FMR) for ZIP 28163 - 2027

Location: Stanly County, NC | Metro: Stanly County, NC

Investment Score for ZIP 28163

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$281,416

1% Rule

0.36%

Annual Yield

4.31%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$770
2 Bedrooms	$1,010
3 Bedrooms	$1,390
4 Bedrooms	$1,450
5 Bedrooms	$1,682
6 Bedrooms	$1,884
7 Bedrooms	$2,035
8 Bedrooms	$2,137

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,010	$281,416	0.36%	F
3BR	$1,390	$398,588	0.35%	F
4BR	$1,450	$456,738	0.32%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,491

Median Household Income

$72,386

Housing Units

2,398

Renter Percentage

17.7%

Occupancy Rate

95.3%

Renter Occupied

404

The classification of ZIP 28163 (Stanfield, NC) hinges on its yield and stability metrics, which paint a picture of a market that leans towards steady cash flow rather than high-yield/low-stability flipping. Let's break down the figures:

Yield Analysis:

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $930.
The market rent for ZIP 28163 is $798, indicating that rents are below the metro average.
The median home value is $390,311, suggesting a relatively stable housing market with moderate appreciation potential.

The gap between the FMR and the actual market rent implies that there is room for rental income to rise closer to the metro average. However, the relatively low market rent compared to the median home value indicates that the yield is not exceptionally high. Landlords can expect modest returns relative to their investment, making it suitable for those seeking stable cash flow rather than rapid appreciation.

Stability Analysis:

Renters make up 17.7% of the population, which is a moderate figure, suggesting a balance between homeowners and renters.
The median household income is $72,386, providing some assurance that tenants can afford rent payments.
The lack of data on days on market (DOM) makes it difficult to assess how quickly properties might sell if flipped, but it does not affect the rental market analysis significantly.

The combination of a moderate renter population and decent median income supports the idea that this is a stable rental market. While the yield is not as high as in areas where market rents match or exceed the FMR, the lower risk associated with a higher percentage of owner-occupied homes and moderate income levels makes it an attractive option for steady cash flow.

In conclusion, ZIP 28163 is best classified as a steady-cashflow zone. The market rent of $798 and median home value of $390,311 suggest moderate yields, while the 17.7% renter rate and median income of $72,386 indicate stability. This market is ideal for long-term rental investments rather than short-term flips.

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.