Location: Columbus County, NC | Metro: Columbus County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The Columbus County, NC metro area, specifically ZIP code 28430, presents a unique opportunity for Section 8 real-estate investors. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $930. This figure is notably higher than the market rent of $638 reported by the Census ACS, indicating that voucher tenants can indeed cashflow at the FMR, but only with premium units. Landlords who invest in higher-end properties stand to benefit from the difference between market rents and the voucher subsidy.
To further analyze the investment potential, consider the median home value in ZIP 28430, which stands at $175,314. Using this figure, we can derive a rent-to-price ratio of approximately 0.36%. This ratio suggests that the rental income generated by a property in this area represents a relatively small portion of its total value, which could be an important consideration for those looking to balance rental income with potential appreciation.
The dynamics of days on market (DOM) and the percentage of price cuts are not applicable (N/A) in this scenario, but it's worth noting that these factors typically influence the decision-making process when comparing renting versus buying. In ZIP 28430, the strong cashflow potential from Section 8 vouchers, combined with the relatively low median home value, makes cashflow the strongest investor angle in this market.
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.