Location: Bladen County, NC | Metro: Pender County, NC HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 28448 stands out due to its unique demographic composition. With only 767 residents, it has a rental rate of 19.2%, indicating a relatively low demand for rental properties compared to other areas. The median income in this ZIP is $53,378, which suggests that residents have a modest purchasing power. However, the absence of data regarding the median home value indicates a lack of substantial homeownership activity within the area.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 28448 in fiscal year 2024 is set at $890. This figure is critical for landlords and small-portfolio investors as it represents the benchmark for rent subsidies under the Section 8 program. Despite the FMR being established, the market rent data remains unavailable, making it challenging to assess how closely the subsidized rates align with actual market conditions.
In conclusion, the data signature for ZIP 28448 reads as transitional. The limited number of residents coupled with a low percentage of renters and the absence of significant homeownership metrics suggest an evolving community. Landlords should be cautious when setting rents, considering the established FMR of $890, while also keeping an eye on any emerging trends in market rents that could provide additional insights into the economic dynamics of the area.
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.