Location: Fayetteville, NC | Metro: Fayetteville, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
U.S. Census Bureau data (2024)
The analysis of ZIP 28310, located within the Fayetteville, NC HUD Metro FMR Area, reveals several key points for potential Section 8 real-estate investments.
First, regarding the rent math, the Federal Market Rent (FMR) for FY 2024 stands at $1490. However, the absence of specific market rent data makes it challenging to directly compare and assess if the rent math works in favor of landlords. Without market rent figures, it's impossible to determine if the FMR is above or below what tenants are willing to pay, which is crucial for evaluating profitability.
Second, the acquisition affordability is unclear due to the lack of specific data on median home values, days on market (DOM), and the percentage of homes that have been discounted. These metrics would typically help in understanding how competitive the real estate market is and whether properties are being sold at prices that could be attractive for rental investment.
Third, there is a strong potential for tenant demand. The population of ZIP 28310 is 9,583, indicating a substantial pool of potential renters. Although the exact percentage of renters is not provided, a high population suggests significant interest in housing options, especially those supported by Section 8 vouchers.
Verdict: Despite the promising population size, the viability of investing in ZIP 28310 hinges on obtaining accurate market rent data and detailed insights into property acquisition costs. Until these specifics are clarified, the decision to invest should be made cautiously, focusing on the broader demand for rental housing within the area. Landlords and small-portfolio investors must also consider the impact of federal rent subsidies on their overall financial strategy.
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.