Location: Goldsboro, NC | Metro: Goldsboro, NC MSA
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 | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $108,425 | 1.03% | B |
| 3BR | $1,350 | $166,970 | 0.81% | C |
| 4BR | $1,820 | $239,069 | 0.76% | D |
U.S. Census Bureau data (2024)
The ZIP code 28333, located in Dudley, NC, presents a notable opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 10,534, 30.2% of residents are renters, indicating a significant demand for rental properties. This percentage suggests that Dudley is a renter-heavy area, likely with a robust market for tenants utilizing housing vouchers.
The median household income in Dudley stands at $50,188, which provides context for the affordability of typical market rents. The average market rent of $861 represents approximately 17.2% of the median household income. This figure is below the Fair Market Rent (FMR) of $960 set for FY 2024, which means that the actual rents are somewhat lower than the benchmark used for determining housing assistance eligibility.
The difference between the actual market rent ($861) and the FMR ($960) implies that there is a substantial amount of rental property available at rates that are within reach of those receiving housing vouchers. Landlords in Dudley can expect to attract tenants who have stable rental support through government programs, reducing the risk of non-payment and ensuring a steady stream of income.
A landlord in Dudley should anticipate a tenant pool characterized by individuals and families whose incomes are modest but sufficient to cover a significant portion of their rent, often with the help of housing vouchers. These tenants are likely to be very price-sensitive due to the relatively high cost of living compared to their income levels. Therefore, maintaining competitive rents close to the market average will be crucial for attracting and retaining tenants.
In summary, Dudley, NC (ZIP 28333) offers a solid foundation for landlords looking to engage with a Section 8 tenant base. The area's substantial renter population and the alignment of actual rents with FMR standards make it an attractive location for rental investments supported by housing vouchers.
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.