Location: Robeson County, NC | Metro: Robeson County, NC
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 | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $129,702 | 0.99% | C |
U.S. Census Bureau data (2024)
26.3% of residents in ZIP code 28369 are renters, indicating a significant portion of the population relies on rental housing. This statistic underscores the potential demand for rental properties in the area. $839 is the reported market rent based on Census ACS data, suggesting that landlords can expect this amount as a baseline for monthly rents. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, which is slightly higher and represents the maximum payment limit for Section 8 vouchers. This means that properties priced at or below $930 could be attractive to tenants utilizing Section 8 vouchers.
$118,182 is the median home value in ZIP 28369, reflecting the overall property values in the area. This figure is important for understanding the typical cost of homeownership and can help inform investment decisions regarding property acquisition or development. The median income in the area is $40,000, which is crucial for assessing the financial capability of potential tenants. Given this income level, properties priced around the FMR would likely appeal to a broad segment of the local tenant market.
The lack of available data on days on market (DOM) and the percentage of price-cut shares suggests either a stable market or insufficient data to draw conclusions. In a stable market, landlords can expect consistent occupancy rates without frequent fluctuations in rental prices. For small-portfolio investors, focusing on properties that align closely with the FMR can ensure steady cash flow and a good match with the local tenant pool's economic realities.
In conclusion, for landlords and small-portfolio investors considering Section 8 participation in ZIP 28369, properties priced at or near the $930 FMR offer a strong opportunity to meet the needs of the 26.3% renter share while benefiting from the program's stability and support. The market rent of $839 also provides a benchmark for setting competitive rates. The median income of $40,000 supports the feasibility of these rents, making ZIP 28369 a viable option for Section 8 investments.
Section 8 verdict: ZIP 28369 is a suitable market for Section 8 investments, given the alignment between median income, market rents, and the FMR.
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.