Location: Robeson County, NC | Metro: Robeson County, NC
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 | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $70,937 | 1.42% | A |
| 3BR | $1,290 | $113,603 | 1.14% | B |
| 4BR | $1,510 | $170,335 | 0.89% | C |
U.S. Census Bureau data (2024)
The ZIP code 28383, located in Elrod, NC, is a renter-heavy area with a significant portion of its population relying on rental housing. The total population stands at 6,825, with 23.4% being renters. This indicates a notable demand for rental properties, particularly those that can cater to tenants with housing vouchers.
A key factor in assessing the viability of Section 8 tenants is the comparison between the median household income and the typical market rent. In Elrod, the median household income is $39,214. The average market rent is $774 per month, which represents approximately 22.5% of the median annual income when calculated over a year. This percentage is relatively manageable and suggests that tenants could afford rent while still having funds available for other necessities.
Further analysis reveals that the Fair Market Rent (FMR) for the area is set at $930 per month for fiscal year 2026, indicating a slightly higher benchmark for rental costs compared to the current market rate. This discrepancy highlights a potential gap where landlords might see an opportunity to increase rents closer to the FMR level, although it would still be within reach for many voucher holders given the current income levels.
The expected tenant profile in this ZIP code would predominantly consist of low-income individuals and families who rely on housing vouchers to make ends meet. Landlords should prepare for tenants whose monthly incomes are around the median household figure, and who will likely use their vouchers to cover a substantial portion of the rent. While some may require assistance with utility bills, the majority should be able to manage their living expenses without significant financial strain.
In summary, ZIP 28383 presents a favorable environment for landlords willing to accept Section 8 vouchers. With a substantial number of renters and an average market rent that consumes a reasonable portion of the median income, the area supports a steady demand for affordable housing options. Landlords should anticipate working with low-income tenants who are responsible and capable of maintaining their living spaces, given the right conditions.
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.