Section 8 Fair Market Rent (FMR) for ZIP 28235 - 2027

FY 2027 Fair Market Rent Rates

1650 is the Fair Market Rent (FMR) for ZIP 28235 in fiscal year 2024, setting a clear benchmark for rental properties in the area. However, the lack of specific data on market rent, median home value, and other key metrics presents challenges in fully assessing the investment potential. The absence of a reported median home value suggests either limited data availability or a diverse housing market that doesn't easily conform to typical valuation metrics. With a 1650 FMR, landlords can confidently set their rental prices knowing they align with HUD guidelines. The unspecified renter share percentage indicates uncertainty about the proportion of residents who rely on rental housing, which could be critical for understanding demand. Similarly, the unknown median income figure leaves questions about the financial stability and earning capacity of the local population. The unreported days on market (DOM) and price-cut share percentages suggest that there might not be enough transactions to establish reliable trends, which could be due to a low turnover rate or limited market activity. Despite these data gaps, the 1650 FMR provides a solid foundation for pricing units. For small-portfolio investors, focusing on properties that meet or slightly exceed this figure can ensure compliance while maximizing returns. Given the available data, the Section 8 program remains a viable option for stabilizing cash flow and attracting tenants in ZIP 28235.

Section 8 Verdict: Suitable for stabilization and consistent cash flow given the defined FMR.

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.