Location: Pinehurst-Southern Pines, NC | Metro: Pinehurst-Southern Pines, NC MSA
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 | $1,050 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,230 | $204,182 | 0.6% | D |
| 3BR | $1,710 | $307,307 | 0.56% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 28373, Pinebluff, NC, reflects a dynamic equilibrium between rental and homeownership. With a Fair Market Rent (FMR) of $1,170 for the fiscal year 2026, the rental market is anticipated to remain stable, yet competitive. Currently, the market rent stands at $791, according to the Census ACS data, indicating that rents are below the FMR threshold. This suggests a potential upward trajectory in rental prices as the market adjusts to meet the FMR.
The median home value in Pinebluff is $294,036. Given the lack of specific data on price-cut share and days on market (DOM), it's challenging to pinpoint whether supply currently outpaces demand or vice versa. However, the relatively low market rent compared to the FMR implies that there might be a slight oversupply of rental units or strong competition among landlords to attract tenants.
A significant 15.7% of Pinebluff residents are renters. This figure is indicative of a modest but persistent housing pressure, as a higher percentage of renters often signals a trend towards increasing demand for rental properties over time. It also suggests that a portion of the population may find homeownership less attainable due to financial constraints or other factors.
In summary, the market in Pinebluff appears to be moving towards alignment with the FMR, suggesting a gradual increase in rental prices. The modest renter share indicates a steady, albeit not overwhelming, demand for rentals, which could intensify over time as the population grows or shifts towards renting. Landlords and small-portfolio investors should monitor these trends closely to adapt their strategies accordingly.
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.