Location: Richmond County, NC | Metro: Richmond County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 28330 presents an interesting scenario for real-estate investors focusing on Section 8 properties. The analysis is based on the Fiscal Year 2026 Fair Market Rent (FMR) of $950 for the metro area, which is the only concrete figure available for this location. This FMR represents the maximum amount that a landlord can charge for rent under the Section 8 program.
On the axis of yield, the $950 FMR indicates a moderate potential for rental income. Since there is no specific market rent or home value data provided for ZIP 28330, it's challenging to assess the premium or discount landlords might experience compared to market rates. However, given the FMR, landlords should aim to structure their investments to achieve positive cash flow, ensuring that operating expenses and mortgage payments do not exceed the $950 limit.
Moving to stability, the data points to a low level of risk. With 0.0% of renters being part of the Section 8 program, the market shows a strong preference for traditional rental agreements. This suggests a stable tenant base, though without additional metrics such as days on market (DOM) or median income levels, it's difficult to provide a comprehensive assessment of overall market stability.
In conclusion, ZIP 28330 leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The lack of specific market rent and home value data, coupled with the absence of Section 8 participants, points towards a conservative investment strategy. Landlords should focus on properties that offer a solid return within the constraints of the $950 FMR while maintaining a diversified portfolio to mitigate risks associated with any single investment.
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.