Location: Sampson County, NC | Metro: Pender County, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 28421 in fiscal year 2024 is set at $890. This figure represents the payment standard for Section 8 housing vouchers in your area, meaning that voucher holders can pay up to this amount for rent. It's important to note that this is not the actual rent you will receive; rather, it's the maximum rent that can be covered by the voucher program.
To put this into perspective, the average rent in ZIP 28421, according to the latest Census American Community Survey (ACS) data, is $672. This indicates that the FMR is significantly higher than the typical rent, which could potentially increase your rental income if you participate in the Section 8 program.
The 23.0% renter share in ZIP 28421 suggests that there is a notable demand for rental properties in the area. This percentage reflects the proportion of households that rent their homes, indicating that a significant portion of the population is looking for places to live. The demand for affordable housing, particularly among those eligible for Section 8 assistance, can be a strong indicator of potential occupancy rates and stability.
If you're considering purchasing a property in ZIP 28421 for a Section 8 rental, the median home value is around $226,094. This figure can help you estimate the initial investment required to acquire a property suitable for a Section 8 tenant. Before making any purchase, ensure that the property meets all the necessary criteria for Section 8 eligibility. This includes passing inspections for health and safety standards, and being aware of the specific requirements regarding unit size and rent limits.
In summary, the FMR of $890 provides a benchmark for the maximum rent that can be charged when using Section 8 vouchers, which is higher than the local average of $672. With a 23.0% renter share, there is a solid demand for rental properties in ZIP 28421. To proceed, verify that the property complies with Section 8 regulations to avoid future complications.
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.