Section 8 Fair Market Rent (FMR) for ZIP 28380 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 28380, located in North Carolina, represents a suburban area that is part of a larger metropolitan region. This area is characterized by its mix of residential neighborhoods and access to urban amenities, making it a viable option for both homeowners and renters.

• The Fair Market Rent (FMR) for the metro area including ZIP 28380 is set at $930 per month for fiscal year 2026.
• Market rent data is currently unavailable for ZIP 28380, indicating a lack of comprehensive rental market statistics.
• The median home value in this ZIP code is also not available, suggesting limited data on property values.
• The percentage of residents who are renters in this area is not specified, which means there's no clear indication of the size of the rental market relative to homeownership.
• Average days on the market (DOM) for properties is not available, implying a lack of insight into how quickly homes are typically sold in this area.
• Median household income data is not available for ZIP 28380, leaving a gap in understanding the economic profile of its residents.

In summary, while the Fair Market Rent provides a benchmark for rental prices in ZIP 28380, the absence of key metrics such as market rent, median home values, and income levels limits a full analysis. Investors should focus on the FMR as a starting point but must be prepared to gather additional local data to make informed decisions about property investments in this area. The lack of detailed statistics suggests a need for thorough due diligence before entering the market.

Data Sources: FMR data from HUD (2027).

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.