Section 8 Fair Market Rent (FMR) for ZIP 28447 - 2027

Location: Sampson County, NC | Metro: Pender County, NC HUD Metro FMR Area

Investment Score for ZIP 28447

N/A
Monthly Rent (2BR)
$1,050
Median Price (2BR)
$N/A
1% Rule
0%
Annual Yield
0%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
3BR $1,460 $229,142 0.64% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,507
Median Household Income
$77,134
Housing Units
511
Renter Percentage
4.6%
Occupancy Rate
85.5%
Renter Occupied
20

The ZIP code 28447 stands out in its county due to a unique blend of factors including a modest population of 1,507 residents, a relatively low rental rate of 4.6%, a median income of $77,134, and a median home value of $181,335. This combination suggests a predominantly owner-occupied area with a strong middle-income demographic.

In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 28447 is set at $890 for fiscal year 2024. However, there is no available data for the market rent, which means landlords should rely on the FMR as a benchmark for setting rents that align with government assistance programs. The FMR provides a stable anchor for pricing, especially when market conditions are unclear.

The data signature for ZIP 28447 reads as stable. The low rental rate indicates that most residents own their homes, reducing the volatility often associated with high rental populations. Additionally, the median income and home values suggest a consistent economic environment where residents can afford housing without significant financial strain. Landlords and small-portfolio investors can expect steady demand for properties that fall within the FMR guidelines, making it a reliable location for long-term investments.

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.