Location: Fayetteville, NC | Metro: Fayetteville, NC HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,340 | $176,658 | 0.76% | D |
| 3BR | $1,760 | $246,520 | 0.71% | D |
| 4BR | $2,160 | $405,987 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 28305, located in Fayetteville, NC, presents a dynamic rental market. With a Fair Market Rent (FMR) of $1210 for fiscal year 2024 and a market rent (ZORI) at $1,276, it's evident that the rental market is slightly above fair market levels, indicating a strong demand for rental properties.
The low price-cut share of 0.2% suggests that landlords are generally not having to lower their asking rents to attract tenants, which further supports the notion of a robust rental demand. The median home value of $252,813 provides context for the overall housing costs in the area, but the lack of days on market (DOM) data means we cannot directly assess how quickly homes are selling or being rented.
A 43.0% renter share highlights significant long-term housing pressure. This high percentage of renters indicates a substantial portion of the population is not purchasing homes, which can be due to various factors including affordability issues, preference for renting, or economic conditions that favor renting over buying. Such a scenario typically implies ongoing demand for rental properties, making ZIP 28305 an attractive market for landlords and small-portfolio investors.
The snapshot suggests that demand is likely outpacing supply in the rental sector, given the slight premium of market rent over FMR and the minimal need for price reductions. However, without historical data, it's impossible to definitively state the trend. Nonetheless, the current indicators point towards a market where rental properties continue to be sought after, maintaining steady occupancy rates and potentially stable rental incomes for property owners.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.