Location: Bladen County, NC | Metro: Fayetteville, NC HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 28399 stands out due to its unique demographic profile. With a population of 1,819 residents, it has a significant rental market, with 36.9% of residents renting their homes. The median income in this area is $33,512, which is notably lower compared to other ZIP codes in the region. However, the median home value is listed as N/A, indicating that there might be limited data available on homeownership in this particular ZIP code.
The Federal Market Rent (FMR) for ZIP 28399 in fiscal year 2024 is set at $940, slightly higher than the market rate of $906 based on Census American Community Survey (ACS) data. This discrepancy suggests that landlords participating in the Section 8 program can expect a modest increase in rental income compared to the local market rates.
Given the relatively low median income and high percentage of renters, the demand for affordable housing in ZIP 28399 is likely strong. Landlords should be prepared for a competitive environment when it comes to Section 8 vouchers, as many tenants will be seeking assistance to cover their rent.
The data signature for ZIP 28399 reads as stable. Despite the modest difference between the FMR and market rates, the consistent use of Section 8 vouchers indicates a steady demand for subsidized housing. This stability is beneficial for small-portfolio investors and landlords who rely on predictable cash flows. However, the absence of median home value data suggests that changes could occur if more homeowners enter the market, potentially altering the balance between rental and owned properties.
To summarize, ZIP 28399 offers a niche opportunity for landlords willing to participate in the Section 8 program. The higher FMR compared to the market rate provides a slight financial advantage, while the stable demand for affordable housing ensures a reliable tenant pool. However, the lack of detailed homeownership data means that future shifts in the housing market could introduce transitional elements to the ZIP code's economic landscape.
Data Sources: FMR data from HUD (2027). 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.