Location: Brunswick County, NC | Metro: Brunswick County, NC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,380 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
The ZIP code 28459 is located in Shallotte, North Carolina, a small town in Brunswick County. The available data shows that there is limited census information for this specific ZIP code. However, we can still analyze the rental market and the suitability for Section 8 investments.
The Fair Market Rent (FMR) for ZIP 28459 in fiscal year 2024 is $1130. This figure is crucial for landlords and small-portfolio investors considering participation in the Section 8 Housing Choice Voucher program. To provide a complete picture, it would be beneficial to compare this with the local market rent, though specific market rent data for ZIP 28459 was not readily available through the sources searched.
Given the limited population data and the lack of detailed demographic information, it is challenging to paint a comprehensive portrait of the neighborhood. However, the presence of 46 total businesses indicates a modest commercial activity, which could support a stable rental market.
In terms of investment strategy, ZIP 28459 appears to be more suitable for hands-off voucher operators rather than hands-on value-add buyers. The FMR provides a reliable baseline for rental income, making it easier to manage properties without the need for extensive renovations or improvements to attract tenants. For those interested in passive income through the Section 8 program, this ZIP code offers a predictable and stable environment.
Data Sources: FMR data from HUD (2027).
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.