Section 8 Fair Market Rent (FMR) for ZIP 28439 - 2027

Location: Columbus County, NC | Metro: Columbus County, NC

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,190

Median Household Income

$32,361

Housing Units

642

Renter Percentage

41.6%

Occupancy Rate

76.0%

Renter Occupied

203

ZIP code 28439, located within the Columbus County, NC metro area, exhibits characteristics that suggest it could be considered a value pocket within the broader market. The Family Monthly Rent (FMR) for the area stands at $990, which is higher than the market rent of $756. This indicates that while government-assisted housing may be slightly more expensive, the overall rental market remains relatively affordable.

The home value in ZIP 28439 is $146,896, which is likely below the average home value in the Columbus County metro. This lower home value combined with a significant 41.6% renter share points to an area where a considerable portion of residents rely on rental housing, potentially due to economic constraints or preferences. Such a scenario can create opportunities for landlords and small-portfolio investors who are looking to capitalize on the demand for affordable rental properties.

Rental Market: With a market rent of $756 being notably lower than the FMR of $990, there is a clear indication that the rental market in ZIP 28439 is more affordable compared to what is available through government assistance programs. This makes it attractive for investors interested in properties that are likely to attract tenants with Section 8 vouchers.
Home Values: At $146,896, the median home value is lower than what might typically be expected in the Columbus County metro, suggesting that property acquisition costs are relatively low. This can be advantageous for investors looking to enter the market with a smaller capital investment.
Renter Share: The 41.6% renter share is quite high, indicating a strong demand for rental properties. High renter shares often correlate with areas that have a significant number of Section 8 participants, making such neighborhoods particularly appealing for those who manage properties under the Section 8 program.

The combination of a below-average home value and a high renter share in ZIP 28439 suggests that it is indeed a value pocket within the Columbus County, NC metro. This means that while the area may offer lower returns on investment compared to premium sub-markets, it provides a stable and accessible opportunity for investors who are willing to cater to the needs of renters, including those participating in Section 8.

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.