Location: Robeson County, NC | Metro: Hoke County, 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 | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,340 | $216,284 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 28357 presents an interesting scenario for both renters and landlords. The median income in this area stands at $49,116. Considering the market rate rent of $938 per month (based on Census ACS data), it becomes evident that many households would struggle to cover these costs comfortably. To put this into perspective, the average renter in this ZIP would need to allocate approximately 23% of their gross monthly income towards rent, which is significantly higher than the recommended threshold of 30% for overall housing costs.
In contrast, the Fair Market Rent (FMR) standard for Section 8 vouchers in ZIP 28357 for fiscal year 2024 is set at $860 per month. This means that voucher holders can secure housing at a lower rate compared to the market, reducing the financial burden on families and making it more feasible for them to find suitable accommodation. Given that only 21.3% of the population are renters and the total population is 2,852, the competition among landlords for rental properties is relatively low. However, this also implies that there might be fewer potential tenants available, making it crucial for landlords to consider their rental strategy carefully.
The affordability gap between market rates and voucher payments highlights a significant challenge for renters in ZIP 28357. Landlords who accept Section 8 vouchers could benefit from a steady, government-backed source of income, ensuring reliable rent payments despite the lower rate. On the other hand, landlords who choose to cater to non-voucher tenants must be prepared to face the realities of a smaller pool of potential renters who can afford the higher market rates.
Takeaway: For landlords considering their strategy in ZIP 28357, accepting Section 8 vouchers can provide a stable tenant base, even if it means receiving slightly less rent compared to market rates. However, those willing to take on the risk of renting to non-voucher tenants at higher rates might find themselves with fewer competitors, potentially leading to higher occupancy rates in a niche market. The choice should be based on the landlord's financial goals and tolerance for risk.
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.