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 |
To classify ZIP 28282 on the yield and stability axes, we need more precise data on market rents, home values, percentage of renters, average days on market, and median income. Without these specifics, we cannot definitively categorize it as either a high-yield/low-stability flip-style market or a steady-cashflow zone.
The FMR of $1650 suggests a moderate rental price point, which could indicate a balanced market where both yield and stability are present. Typically, if the FMR aligns closely with market rents, it signals a stable market where landlords can expect consistent cash flow. However, without knowing the exact market rent and home values, it's challenging to determine if there's a significant gap that would suggest higher yields but lower stability.
To make an informed decision, landlords and small-portfolio investors should seek out detailed local real estate reports or consult with local real estate agents who can provide up-to-date statistics on the housing market in ZIP 28282.
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.