Location: Sampson 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 | $990 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $121,716 | 0.98% | C |
| 3BR | $1,510 | $184,218 | 0.82% | C |
| 4BR | $1,870 | $248,229 | 0.75% | D |
U.S. Census Bureau data (2024)
A decision tree for evaluating whether to purchase properties in ZIP code 28382 (Roseboro, NC) for Section 8 investment hinges on three key questions:
1) Does the Fair Market Rent (FMR) of $940 cover the debt service on a property valued at $130,632?
If the debt service on a $130,632 property is less than $940 per month, the answer is Yes. For example, if a mortgage payment including taxes and insurance totals $800, then the FMR comfortably covers the debt service.
If the debt service exceeds $940, such as a mortgage payment totaling $1,000, the answer is No. The FMR does not sufficiently cover the cost, making the investment unprofitable under current conditions.
2) Is the market rent of $964 above, at, or below the FMR?
Since the market rent is slightly higher than the FMR, the answer is Yes. This indicates that non-Section 8 tenants might be willing to pay a bit more, which could provide additional flexibility in managing rental income.
3) Do 22.7% of residents renting and the unknown days on market (DOM) indicate sufficient demand?
The percentage of renters at 22.7% suggests a moderate level of demand. However, without knowing the days on market (DOM), it's challenging to assess how quickly properties are being leased. Given the available data, the answer is It Depends.
If other indicators show strong demand, such as high occupancy rates and low vacancy levels, the investment could still be viable despite the unknown DOM. Conversely, if there are signs of weak demand, the investment may not be advisable.
In conclusion, the decision to invest in ZIP 28382 for Section 8 properties is contingent upon the answers to these questions. Ensure that your financial projections account for the specific figures provided, and consider additional research to clarify the days on market for rental properties in the area.
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.