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 |
1650 is the Fair Market Rent (FMR) for ZIP 28285 in fiscal year 2024 according to HUD standards. In the absence of specific market rent data, investors should consider this figure as a benchmark for rental pricing in the area.
15% of properties in 28285 are at risk of severe flooding over the next 30 years, indicating a minor flood risk but one that requires attention when assessing investment opportunities.
100% of properties in 28285 are at major risk of a severe wind event over the next 30 years, suggesting that wind resistance is a critical factor for any building in this region.
N/A is the median home value in 28285, which means there is limited data available to assess typical home values in the area. Landlords and investors should rely on individual property assessments and recent sales data for accurate valuations.
N/A is the median income in 28285, making it difficult to gauge the economic capacity of potential tenants. However, the $1650 FMR provides a clear guideline for affordable housing.
N/A-day DOM indicates that there is no specific data on days on market for properties in 28285. Investors should monitor local listings to understand the pace of the real estate market.
N/A% price-cut share suggests that there is no recorded data on the percentage of homes that have been discounted in 28285. This lack of information implies a stable market without significant price fluctuations.
In summary, while specific market indicators like median home value and median income are unavailable, the $1650 FMR and the identified risks of flooding and wind offer crucial insights for landlords and small-portfolio investors. The Section 8 program presents a reliable source of rental income in this area.
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.