Location: Sampson County, NC | Metro: Fayetteville, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 28334, which covers Dunn, North Carolina, is set at $1,280 for fiscal year 2024. This figure represents the payment standard that landlords will receive from the government for each Section 8 tenant. It's important to note that this is not the rent you can charge your tenants directly; it's the maximum amount the government will pay on behalf of eligible low-income renters.
In comparison, the local Zillow Observed Rent Index (ZORI) for Dunn is $1,324. This indicates that the market rent slightly exceeds the FMR, meaning that landlords participating in the Section 8 program might need to adjust their expectations regarding rental income. However, given that 30.9% of households in Dunn are renters, there is a strong demand for affordable housing, making Section 8 rentals a viable option for landlords looking to fill vacancies.
The median home value in Dunn is approximately $226,624, providing a benchmark for potential acquisition costs if you're considering purchasing a property for a Section 8 rental. This price point should be factored into your overall investment strategy, especially when calculating long-term profitability.
Before committing to a Section 8 rental property, ensure that the property meets all necessary inspection standards. The Housing Quality Standards (HQS) inspection is critical; it verifies that the unit is safe, decent, and sanitary. Failure to meet these standards can result in denial of participation in the program, leading to lost income opportunities.
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.