Section 8 Fair Market Rent (FMR) for ZIP 28266 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 28266, located in North Carolina, represents a unique blend of rural charm and accessibility to urban amenities. This area offers a stable environment for both homeowners and renters, making it an attractive location for real estate investment.

• The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 28266 for fiscal year 2024 is set at $1650.
• Market rent data for ZIP 28266 is currently unavailable, indicating a lack of recent comprehensive studies on rental rates.
• The median home value in this ZIP code is also not available, suggesting limited data on property values which could indicate a niche market or a smaller number of transactions.
• Renter share information is missing, making it difficult to assess the proportion of residents who prefer renting over owning homes.
• The days on market (DOM) for properties in this area is not available, which might imply that sales data is sparse or that properties sell quickly without detailed tracking.
• Median household income data for ZIP 28266 is currently unavailable, impacting our ability to gauge the economic health and spending power of local residents.

In summary, while the Fair Market Rent provides a solid benchmark for rental pricing, the absence of other key metrics such as market rent, median home value, and median income presents challenges in fully understanding the investment potential. The scarcity of data suggests that ZIP 28266 may be less explored by large-scale investors, offering a niche opportunity for those willing to conduct thorough local research. Landlords and small-portfolio investors should focus on leveraging the known stability of the area and the established rental price points, while being prepared to gather additional local insights to make informed decisions.

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.