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 | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $99,918 | 1.1% | B |
| 3BR | $1,310 | $157,409 | 0.83% | C |
| 4BR | $1,650 | $226,976 | 0.73% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 28170, Wadesboro, North Carolina, for fiscal year 2024 is set at $1100. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is a housing assistance program for low-income families. It is important to note that this $1100 is not necessarily the rent you will receive; it is the payment standard used by the program to determine the maximum subsidy.
To put this into perspective, the average rent for a two-bedroom apartment in Wadesboro, according to the U.S. Census Bureau's American Community Survey, is around $750. This means that if you are participating in the Section 8 program, your rent could be higher than the local average, but it is capped at the FMR of $1100.
The demand for rental properties in Wadesboro is strong, with 35.2% of residents being renters. This high percentage indicates a significant portion of the population looking for affordable housing options, making it a viable market for Section 8 rentals.
When considering purchasing a property in Wadesboro for a Section 8 rental, the median household income of $129,055 can give you an idea of the potential acquisition cost. While this figure represents the overall economic status of the area, it does not directly impact the price of individual properties. However, it suggests that there is enough economic activity in the area to support the purchase of a rental property without excessive risk.
Before committing to a Section 8 rental in Wadesboro, ensure that the property meets all the necessary inspection criteria required by the Housing Choice Voucher program. This includes passing a physical inspection to meet health and safety standards. Once these requirements are met, you can confidently list your property under the Section 8 program, knowing that the $1100 FMR provides a stable income stream while serving a community with high demand for affordable housing.
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.