Location: Robeson County, NC | Metro: Robeson County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
U.S. Census Bureau data (2024)
The median income in ZIP code 28375 stands at $74,327, indicating a relatively stable economic environment. However, when juxtaposed against the market rate rent of $1,141, it becomes evident that affordability could be a concern for many households. The Federal Market Rent (FMR) standard for voucher payments, set at $1,000, offers a more manageable option for tenants.
To put this into perspective, let’s consider the typical household budget. Assuming a standard housing expense ratio of 30%, a household earning the median income should allocate approximately $1,830 towards rent. This figure comfortably exceeds both the market rate and the FMR standard, suggesting that most residents can afford the market rate without significant strain. Yet, the presence of voucher holders who can pay only up to $1,000 might still be attractive to some landlords due to the guaranteed payment structure.
The ZIP code has a rental population of 182 individuals, representing 19.5% of the total population. This relatively low percentage of renters implies a competitive landscape for landlords, where the appeal of properties can be decisive. The affordability gap between the market rate and the FMR standard means that landlords have a choice: they can either cater to voucher holders, ensuring steady but lower rental income, or target the broader market, potentially attracting higher-paying tenants but facing stiffer competition.
In conclusion, while the median income supports the ability to pay market rates, the competition among landlords remains intense. For those considering their strategy, focusing on voucher holders could stabilize income streams, though it caps potential earnings at $1,000 per unit. Conversely, targeting the broader market allows for higher rents but requires distinguishing properties in a crowded field. Landlords must weigh these factors carefully to align with their financial goals and risk tolerance.
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.