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 | $1,130 |
| 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 | $1,130 | $181,815 | 0.62% | D |
| 3BR | $1,510 | $259,604 | 0.58% | F |
| 4BR | $1,870 | $341,386 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 28391, located in Stedman, North Carolina, presents a dynamic rental market that reflects current economic conditions and housing trends. The Fair Market Rent (FMR) for the area is set at $990 for fiscal year 2024, indicating a benchmark for affordable housing standards. In comparison, the market rent, based on Census American Community Survey (ACS) data, stands at $934, suggesting that while rents are slightly below the FMR, they still reflect a competitive environment.
The median home value in ZIP 28391 is $279,552, which provides insight into the overall housing costs and the economic status of homeowners in the area. This figure is significant because it helps landlords and investors gauge the financial landscape and potential investment returns. However, the lack of data on the percentage of price cuts and days on the market (DOM) means that specific insights into the speed of property turnover and the frequency of price adjustments are unavailable. Despite this, the relatively low gap between FMR and market rent suggests that the rental market is stable and potentially growing, with landlords maintaining rates close to government guidelines.
A key indicator of long-term housing pressure is the 18.5% renter share in Stedman. This statistic implies that nearly one-fifth of the residents are renters, a segment that can be crucial for understanding the demand for rental properties. High renter shares often correlate with areas experiencing steady population growth or where homeownership is less accessible due to economic factors. In ZIP 28391, the presence of a substantial renter population indicates ongoing housing pressure, as these individuals are likely seeking affordable and quality rental options. This dynamic can create opportunities for landlords and small-portfolio investors who can offer well-maintained and competitively priced units.
The interplay between the FMR, market rent, and median home value points towards a market where demand for rental properties is strong enough to support current pricing levels. While there is no explicit indication of whether supply outpaces demand or vice versa, the closeness of the market rent to the FMR suggests that rental properties are in line with affordability standards, making them attractive to tenants. For investors, this signals a market that could continue to support rental investments, given the stable pricing and significant renter population.
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.