Section 8 Fair Market Rent (FMR) for ZIP 28365 - 2027

Location: Sampson County, NC | Metro: Goldsboro, NC MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$870
1 Bedroom	$880
2 Bedrooms	$1,150
3 Bedrooms	$1,380
4 Bedrooms	$1,820
5 Bedrooms	$2,111
6 Bedrooms	$2,364
7 Bedrooms	$2,553
8 Bedrooms	$2,681

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

15,999

Median Household Income

$52,174

Housing Units

6,892

Renter Percentage

23.7%

Occupancy Rate

89.8%

Renter Occupied

1,466

Housing Authorities Serving ZIP 28365

Housing Authority of the City of Goldsboro (Goldsboro, NC) - 298 Section 8 vouchers
Eastern Carolina Regional Housing Authority (Goldsboro, NC)
Mount Olive Housing Authority (Mount Olive, NC)

The ZIP code 28365, located in Mount Olive, North Carolina, offers a stable and growing rental market for landlords and small-portfolio investors. The area benefits from a mix of residential and commercial development, providing a variety of opportunities for investment.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 28365 for fiscal year 2024 is set at $970.
The average market rent for the same type of unit, according to the latest Census American Community Survey (ACS), is $957.
The median home value in the area stands at $130,104, indicating a relatively affordable housing market.
Renters make up 23.7% of the population, suggesting a moderate demand for rental properties.
The median household income in ZIP 28365 is $52,174, which supports the ability of residents to afford rents within the established range.

The data points indicate that Mount Olive's rental market is well-defined and supported by a steady income base. With the FMR slightly above the market rent, landlords can expect to remain competitive while achieving reasonable returns. The median home value suggests that the area is attractive for first-time buyers and investors looking for affordable entry points. However, with a moderate renter share, the focus should be on properties that cater to the local rental demand, ensuring occupancy rates align with the financial projections.

Data Sources: FMR data from HUD (2027). 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.