Section 8 Fair Market Rent (FMR) for ZIP 28352 - 2027

Location: Scotland County, NC | Metro: Robeson County, NC

Investment Score for ZIP 28352

A+
Monthly Rent (2BR)
$1,010
Median Price (2BR)
$60,020
1% Rule
1.68%
Annual Yield
20.19%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$770
1 Bedroom$770
2 Bedrooms$1,010
3 Bedrooms$1,320
4 Bedrooms$1,330
5 Bedrooms$1,543
6 Bedrooms$1,728
7 Bedrooms$1,866
8 Bedrooms$1,959

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,010 $60,020 1.68% A+
3BR $1,320 $155,817 0.85% C
4BR $1,330 $263,660 0.5% F
5BR $1,543 $347,837 0.44% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
23,837
Median Household Income
$43,728
Housing Units
9,894
Renter Percentage
42.4%
Occupancy Rate
88.0%
Renter Occupied
3,692

The ZIP code 28352, located in Laurinburg, North Carolina, is characterized by a significant rental market presence. With a population of 23,837, nearly 42.4% of residents are renters, indicating a robust demand for rental properties. This high percentage of renters suggests that there is a substantial pool of potential tenants who could benefit from Section 8 housing vouchers.

The median household income in Laurinburg stands at $43,728, which is crucial when considering the affordability of housing. The average market rent for the area is $771 per month, representing approximately 22.2% of the median income. This figure aligns closely with the financial capabilities of many residents, making it feasible for them to seek rental accommodations.

However, comparing the market rent to the Fair Market Rent (FMR) set by HUD for the metro area, which is $930 (for FY 2026), reveals that the market rent in Laurinburg is below the FMR threshold. This means that landlords in ZIP 28352 can potentially receive higher rent payments through Section 8 vouchers, up to the FMR limit, thereby increasing their profitability without exceeding the affordability range for many tenants.

A landlord in this area should anticipate a tenant profile that includes individuals and families with lower to moderate incomes, heavily reliant on Section 8 vouchers to secure housing. These tenants will likely be seeking affordable housing options that fit within their budget constraints. Given the economic conditions and the reliance on rental housing, landlords should prepare for a steady stream of applications from those needing assistance to meet their housing costs.

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.