Location: Harnett County, 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 | $990 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $287,756 | 0.52% | F |
| 4BR | $1,870 | $375,618 | 0.5% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 28356 are straightforward. The SAFMR (Standard Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code is set at $940 per month for fiscal year 2024. In comparison, the local market rent for a similar unit is recorded at $805 according to the Census ACS.
A landlord participating in the Section 8 program receives a reimbursement from the government based on a tenant's voucher. This voucher payment is calculated to cover the difference between the tenant's contribution and the total rent. Tenants typically contribute 30% of their adjusted income towards rent, and the remainder is covered by the voucher, up to the SAFMR limit.
To illustrate, if a tenant has an adjusted monthly income of $1,500, they would contribute $450 (30%) toward the rent. The voucher would then cover the remaining amount, but not exceeding the $940 SAFMR cap. Therefore, the landlord would receive:
Note that the voucher also includes utility allowances which can vary. For ZIP 28356, these allowances are part of the overall calculation but do not exceed the $940 SAFMR cap.
In ZIP 28356, where the market rent is lower than the SAFMR, landlords participating in the Section 8 program will find themselves in a surplus situation. Given the local market rent of $805, the typical reimbursement gap or surplus for a two-bedroom voucher is $135 per month ($940 - $805).
This means that landlords can expect to be paid above the local market rate when renting to tenants with Section 8 vouchers, thus ensuring a higher income than renting without the voucher program. However, it's important to note that the actual surplus can fluctuate based on the individual tenant's income and the exact utility allowance included in the voucher.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.