Location: Fayetteville, NC | Metro: Fayetteville, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,550 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,760 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,840 |
| 5 Bedrooms | $3,294 |
| 6 Bedrooms | $3,689 |
| 7 Bedrooms | $3,984 |
| 8 Bedrooms | $4,183 |
U.S. Census Bureau data (2024)
ZIP code 28307, located within the Fayetteville, NC HUD Metro FMR Area, presents a unique profile when compared to other ZIP codes in the region. The Fair Market Rent (FMR) for 28307 is set at $1,510 for fiscal year 2024, which is slightly below the area's average market rent of $1,617. This indicates that 28307 could be considered a value pocket within the metro area, offering rents that are more affordable for low-income households.
The high renter share of 99.1% suggests that 28307 is predominantly a rental market, which aligns well with the characteristics of a typical Section 8 housing opportunity. However, the absence of specific home value data means we cannot definitively conclude how it compares in terms of property investment to other ZIP codes in the area. Typically, a high renter share combined with lower-than-average home values can signal a prime location for landlords and investors seeking properties eligible for Section 8 subsidies.
To further contextualize 28307's position within the Fayetteville, NC HUD Metro FMR Area, let us examine the typical ZIP codes in this region. Generally, ZIP codes with an FMR close to or below the market rent tend to attract more tenants who rely on government assistance programs such as Section 8. Given that 28307's FMR is just under the market rent, it positions itself as a desirable area for those seeking subsidized housing options.
The high renter share also points towards a concentration of renters who might be more inclined to seek out affordable housing solutions. Landlords and small-portfolio investors should take note of these figures as they suggest a strong demand for rental properties that fit within the FMR guidelines.
In summary, ZIP code 28307 stands out as a value pocket within the Fayetteville, NC HUD Metro FMR Area. Its slightly below-market FMR of $1,510, combined with the high renter share, makes it an attractive option for those involved in Section 8 housing. The lack of specific home value data leaves some uncertainty regarding its overall investment appeal, but the current indicators point towards a favorable environment for rental investments.
Data Sources: FMR data from HUD (2027). 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.