Location: Brunswick County, NC | Metro: Brunswick County, 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 | $1,590 |
| 1 Bedroom | $1,650 |
| 2 Bedrooms | $1,800 |
| 3 Bedrooms | $2,360 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,800 | $258,362 | 0.7% | D |
| 3BR | $2,360 | $323,539 | 0.73% | D |
| 4BR | $2,750 | $355,185 | 0.77% | D |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1050 for ZIP 28422 in Bolivia, NC, landlords can expect to receive this amount per month for Section 8 vouchers in fiscal year 2024. The Zillow Observed Rent Index (ZORI) stands at $2,125, indicating that market rents are significantly higher than what the government program offers. Given the median home value of $332,376, it's clear that property values in the area are relatively stable, but the 13.7% renter share suggests that a sizeable portion of the population still prefers renting over buying. With a median income of $69,412, residents have the financial capacity to pay market rents, which could be advantageous for landlords looking to maximize their rental income. However, the 102-day Days on Market (DOM) average shows that properties may take longer to rent out, potentially affecting cash flow. Additionally, the 0.3% price-cut share indicates that very few landlords are reducing their rental rates to attract tenants, suggesting that the market is competitive and landlords can maintain higher rents without significant concessions. In conclusion, for ZIP 28422, landlords should set realistic expectations for Section 8 participation given the disparity between FMR and market rents, while also being prepared for a slightly longer leasing process. The verdict on Section 8 for this area is that it remains a viable option but may not be the most profitable compared to market-rate rentals.
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.