Location: Scotland County, NC | Metro: Scotland 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 | $770 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $193,483 | 0.68% | D |
| 4BR | $1,330 | $389,757 | 0.34% | F |
U.S. Census Bureau data (2024)
ZIP code 28396, located within the Scotland County, NC metro, presents a unique profile compared to other ZIP codes in the area. The Fair Market Rent (FMR) for 28396 is set at $930 for fiscal year 2026, which is higher than the market rent of $794 observed in the ZIP. This suggests that 28396 might be slightly overpriced relative to what the market is currently bearing.
The median home value in 28396 stands at $196,385, which is lower than the typical home values in the Scotland County, NC metro. This indicates that 28396 could be considered a value pocket within its larger metro area, offering homeownership at a more affordable rate than the surrounding areas.
A key point of interest is the 21.0% share of renters in 28396. While this figure alone doesn't provide enough context to determine if it's above or below average for the county, when combined with the below-metro median home value, it could suggest that 28396 is an attractive location for Section 8 participants. Lower home values paired with a significant renter population can often indicate a concentration of subsidized housing units, making it a favorable spot for those seeking rental properties through government assistance programs.
To conclude, based on the provided data, ZIP code 28396 appears to be a value pocket within the Scotland County, NC metro. Its lower median home value and potentially higher concentration of Section 8 participants make it a distinct sub-market that could be particularly appealing to investors interested in rental properties catering to low-income tenants.
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.