Location: Charlotte-Concord-Gastonia, NC | Metro: Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,670 |
| 1 Bedroom | $1,740 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,940 |
| 5 Bedrooms | $3,410 |
| 6 Bedrooms | $3,819 |
| 7 Bedrooms | $4,125 |
| 8 Bedrooms | $4,331 |
The FMR of $1650 suggests that rental properties in ZIP 28228 could potentially generate a decent yield, especially if market rents are higher. However, without specific market rent data, it's challenging to determine the exact yield potential. The lack of data on home values also hinders a precise comparison against market rents.
Regarding stability, there is insufficient data on the percentage of renters, days on market (DOM), and median income. These metrics are crucial for assessing the stability of the rental market and the financial health of tenants. Without these figures, it's difficult to classify ZIP 28228 definitively.
Based on the limited data, ZIP 28228 appears to be a moderate opportunity. It offers potential for high yields if market rents exceed the FMR, but the absence of other key indicators prevents a conclusive assessment of its stability. Landlords and small-portfolio investors should seek additional local real estate data to make informed decisions.
To proceed further, consider examining local real estate listings on platforms such as Zillow or Trulia for more specific insights into market conditions and property values. Altos Research is another source that provides weekly market statistics which might offer more granular data needed for a comprehensive analysis.
Until more specific data is obtained, ZIP 28228 cannot be classified as either a high-yield/low-stability flip-style market or a steady-cashflow zone. It remains an area with potential but requires more detailed investigation to confirm its suitability for investment.
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.