Location: Fayetteville, NC | Metro: Fayetteville, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,310 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,940 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
The ZIP code 28309 in Unknown, NC, is characterized by limited available demographic data, including population size and percentage of renters. This makes it challenging to provide a precise profile of the tenant pool based on these metrics alone. However, we can still analyze the situation using the information at hand.
Moving forward, it's important to focus on the median household income and market rents, which are also currently unavailable. Without these figures, it's difficult to make a direct comparison to the Fair Market Rent (FMR) of $1290 for FY 2024. The FMR is a critical benchmark used to determine the maximum amount of rental assistance that a Section 8 tenant can receive in a given area. It indicates the affordability threshold for housing in the region.
In areas where the median income is significantly lower than the FMR, it's common to find a higher concentration of renters who rely on government assistance such as Section 8 vouchers. This suggests that ZIP 28309 might have a substantial number of residents who could be eligible for Section 8 assistance, assuming the local income levels are below the FMR. Landlords in this ZIP should prepare for a tenant pool that includes a considerable number of individuals and families seeking affordable housing options through the Section 8 program.
To get a clearer picture of the rental market dynamics and the potential demand for Section 8 tenants, landlords would need to consult local real estate listings and possibly reach out to local housing authorities for more detailed statistics on voucher usage and average incomes. They should also be aware of the potential challenges and benefits associated with renting to Section 8 tenants, including the need for compliance with HUD regulations and the assurance of timely rent payments.
In conclusion, while the exact nature of the tenant pool in ZIP 28309 cannot be determined without additional data, the reliance on the $1290 FMR for FY 2024 suggests that there is likely a significant demand for affordable housing units that could be rented under the Section 8 program. Landlords should anticipate a tenant base that is heavily reliant on government subsidies to cover their housing costs.
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.