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 | $1,350 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,530 | $154,198 | 0.99% | C |
| 3BR | $2,010 | $230,691 | 0.87% | C |
| 4BR | $2,470 | $329,676 | 0.75% | D |
| 5BR | $2,865 | $403,869 | 0.71% | D |
U.S. Census Bureau data (2024)
The ZIP code 28348, located in Hope Mills, NC, and part of the Fayetteville, NC HUD Metro FMR Area, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the significant spread between the Fair Market Rent (FMR) set at $1270 for fiscal year 2024 and the actual market rent of $1719. The difference allows landlords to maintain positive cash flow while participating in the Section 8 program.
To illustrate, the FMR of $1270 is considerably lower than the median home value of $265,524, indicating that properties in this area can be rented out at rates above the FMR without reaching the market rent. This creates a buffer that supports steady income generation, which is crucial for landlords looking to ensure consistent cash flow from their investments.
The low price-cut share of 0.3% and a 24-day days-on-market (DOM) further reinforce the cash-flow anchor status. These metrics suggest that properties in ZIP 28348 do not require deep discounts to attract tenants, and they sell relatively quickly once listed. This combination minimizes financial risk and maximizes occupancy rates, key factors for maintaining cash flow.
Additionally, the 25.2% renter share and median income of $66,129 indicate a stable tenant base with sufficient earning power to meet rental obligations. While these elements contribute to overall stability, they are secondary considerations when compared to the primary goal of ensuring positive cash flow.
In conclusion, ZIP 28348 is best suited as a cash-flow anchor in a Section 8 portfolio due to the substantial gap between FMR and market rents, coupled with minimal need for price adjustments and quick sales cycles. Landlords and small-portfolio investors should prioritize this area for its ability to generate reliable income streams.
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.