Location: Sampson County, NC | Metro: Duplin County, NC
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 | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $126,890 | 0.8% | D |
| 3BR | $1,210 | $186,363 | 0.65% | D |
| 4BR | $1,400 | $259,906 | 0.54% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 28341, which includes Faison, North Carolina, is set at $930 for the fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It's important to note that this is not the amount you can charge for rent; rather, it's the maximum amount that the government will pay on behalf of eligible tenants.
In comparison, the average rent for the area, based on Census ACS data, stands at $792 per month. This indicates that the FMR is higher than the typical market rate, offering a potential financial advantage to landlords who choose to participate in the Section 8 program.
The 18.4% share of renters in Faison suggests a moderate demand for rental properties. While this percentage is lower than in many urban areas, it still represents a significant portion of the population looking for affordable housing options. The Section 8 program can help fill this demand by providing subsidies to those who qualify.
When considering acquiring a property in this area, the median home value of $142,490 offers a reasonable entry point for new investors. This price reflects the overall cost of homes in the area and can be a useful benchmark when evaluating potential investment opportunities.
Before deciding to accept a Section 8 tenant, ensure that your property meets all local housing quality standards. These requirements, known as the Housing Quality Standards (HQS), must be met to qualify for the program. They include basic maintenance and safety checks, such as ensuring there are no leaks, that heating works properly, and that all electrical systems are up to code.
Participating in the Section 8 program can be a lucrative option for landlords in Faison, given the favorable payment standard relative to the local average rent. However, it is crucial to verify that your property complies with HQS to avoid any complications once you've signed up for the program.
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.