Location: Robeson 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 | $1,100 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,700 | $247,253 | 0.69% | D |
| 4BR | $2,040 | $309,679 | 0.66% | D |
U.S. Census Bureau data (2024)
The market in ZIP 28371 presents a dynamic equilibrium between supply and demand, leaning slightly towards a scenario where demand may be outpacing supply. This inference is drawn from the snapshot of key metrics that indicate current market conditions. The Fair Market Rent (FMR) for the area stands at $1,140 for the fiscal year 2024, while the actual market rent is reported at $1,096 according to the Census American Community Survey (ACS). The relatively low FMR compared to market rent suggests that rental properties are commanding a premium, indicative of strong tenant interest.
A further sign of this trend is the minimal price-cut share of 0.1%. This figure implies that landlords are largely able to maintain their asking rents without significant concessions, a characteristic often seen in markets where demand is robust. The median home value of $260,166 also supports this view, showing that homeownership remains attainable, but the high renter share of 26.1% indicates a substantial portion of the population prefers renting over buying. This preference for renting can be attributed to various factors including affordability, lifestyle choices, and economic uncertainty, all of which contribute to sustained housing pressure.
The dynamics in ZIP 28371 suggest that the area is attractive to renters, who represent a significant share of the population. For landlords and small-portfolio investors, this means a steady demand for rental properties, albeit with some competition. The slight gap between FMR and market rent points to a healthy market where tenants are willing to pay above the baseline fair market rate, ensuring profitability for rental investments. However, the high renter share also implies a potential challenge for homeownership, as it reflects a broader trend of individuals opting to rent rather than buy, which could influence future property values and investment strategies.
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.