Location: Pender County, NC | Metro: Pender 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 | $920 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $212,262 | 0.5% | F |
| 3BR | $1,480 | $302,226 | 0.49% | F |
| 4BR | $1,790 | $387,086 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 28425, located in Burgaw, NC, has a population of 11,380 individuals. With 20.9% of the residents being renters, it indicates that this area is moderately renter-heavy but not dominated by renters. The median household income stands at $66,478, which provides a baseline for assessing the affordability of housing.
The typical market rent for the area is $939 per month. This amount represents approximately 14.1% of the median household income when calculated annually. For context, the Fair Market Rent (FMR) for the area is set at $950 for FY 2024, indicating that the market rent is slightly below the FMR, suggesting a relatively balanced rental market.
In terms of Section 8 voucher demand, the percentage of renters and the income level suggest that there is a moderate demand for vouchers. However, the availability of vouchers may be limited due to the smaller proportion of renters compared to areas where renting is more prevalent. Landlords in ZIP 28425 should expect tenants who are likely to be financially stable, given the income levels relative to the cost of living and rent.
To summarize, while ZIP 28425 is not heavily dominated by renters, there is still a significant portion of the population that relies on rental housing. The typical rent of $939 consumes about 14.1% of the median annual income, making it generally affordable for most residents. Landlords can anticipate a tenant pool that is likely to include a mix of those who can afford market rates and some who may require assistance through Section 8 vouchers, though the latter group may be smaller than in more renter-heavy areas.
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.