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 | $1,320 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,420 |
| 5 Bedrooms | $2,807 |
| 6 Bedrooms | $3,144 |
| 7 Bedrooms | $3,396 |
| 8 Bedrooms | $3,566 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,500 | $142,679 | 1.05% | B |
| 3BR | $1,970 | $211,158 | 0.93% | C |
| 4BR | $2,420 | $337,240 | 0.72% | D |
| 5BR | $2,807 | $447,139 | 0.63% | D |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1280 for ZIP 28311 (Fayetteville, NC) in fiscal year 2024, landlords can expect to align their rental pricing with government standards for Section 8 vouchers. The Zillow Observed Rent Index (ZORI) stands at $1,411, indicating that market rents are slightly above the FMR threshold. This suggests that properties priced at the FMR level might be particularly attractive to voucher holders looking for affordable housing options. In terms of property values, the median home value is $242,578, offering a stable investment base for small-portfolio investors. The renter share in Fayetteville is 47.5%, showing a significant portion of the population relies on renting, which supports a robust demand for rental properties. The median income figure of $62,170 provides insight into the financial capacity of residents, ensuring a steady stream of potential tenants who qualify for Section 8 assistance. Additionally, the average 30-day days on market (DOM) indicates that well-priced and marketed properties can quickly find tenants, minimizing vacancy periods. The low price-cut share of 0.2% further underscores the strong market conditions, where landlords have little need to reduce asking prices to attract tenants. Given these factors, Fayetteville presents a favorable environment for Section 8 investments, balancing affordability with market demand.
Investors should note that the $1280 FMR sets a clear guideline for maximum allowable rent under the program, while the $1,411 ZORI reflects competitive market rates. The median home value of $242,578 offers a solid asset base, complemented by the 47.5% renter share, ensuring consistent tenant interest. With a median income of $62,170, there's a reliable pool of potential voucher users. The quick turnover rate, indicated by the 30-day DOM, and the negligible price-cut share of 0.2% point towards efficient property management and minimal financial risk. For those considering Section 8 participation, Fayetteville's metrics suggest a path to successful and sustainable investments.
Based on the data, the verdict for Section 8 investments in ZIP 28311 is positive, with favorable conditions supporting both landlord and tenant needs.
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.