Location: Sampson County, NC | Metro: Duplin County, NC
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 | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $91,013 | 1.11% | B |
| 3BR | $1,210 | $173,824 | 0.7% | D |
| 4BR | $1,400 | $248,234 | 0.56% | F |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP 28458 (Rose Hill, NC) reveals interesting insights into the potential returns for landlords and small-portfolio investors. Using the Fair Market Rent (FMR) for a 2-bedroom apartment set at $930 annually (FY 2026, metro), the implied gross yield can be calculated by dividing the annual rental income by the median home value. For ZIP 28458, the median home value stands at $156,569.
To determine the gross yield based on the FMR, we first calculate the annualized rent: $930 * 12 months = $11,160 per year. Dividing this by the median home value gives us an implied gross yield of approximately 7.13%. This calculation assumes that the property is valued similarly to a median home and that the 2BR FMR can be applied to the entire property value.
However, using the market rent figure of $787 (from Census ACS) provides a different perspective. The annualized market rent would be $787 * 12 months = $9,444 per year. When divided by the median home value, this yields an implied gross yield of about 6.04%. This scenario reflects the actual market conditions and might be more realistic for assessing the true earning potential of a property in Rose Hill, NC.
The renter density of 36.0% suggests a moderate demand for rental properties, which could support either the FMR or market rent scenario depending on the specific characteristics of the property. However, the lack of data on days on market (DOM) makes it difficult to assess how quickly a property could be rented out under either scenario. Given the higher implied gross yield from the FMR ($11,160 vs $9,444), the FMR scenario appears more favorable for landlords seeking higher returns. Yet, the market rent figure is grounded in current market realities and should not be overlooked.
In conclusion, while the FMR-based gross yield of 7.13% offers a potentially higher return, the market rent-based gross yield of 6.04% is likely a more accurate reflection of what landlords can expect in ZIP 28458. Investors should consider both figures in light of the local rental market dynamics and their specific investment goals.
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.