Location: Jacksonville, NC | Metro: Jacksonville, NC MSA
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 | $1,340 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,770 |
| 5 Bedrooms | $3,213 |
| 6 Bedrooms | $3,599 |
| 7 Bedrooms | $3,887 |
| 8 Bedrooms | $4,081 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,350 | $197,235 | 0.68% | D |
| 2BR | $1,660 | $343,300 | 0.48% | F |
| 3BR | $2,300 | $375,078 | 0.61% | D |
| 4BR | $2,770 | $464,586 | 0.6% | F |
| 5BR | $3,213 | $883,235 | 0.36% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 28460, which covers Sneads Ferry, NC, is set at $1550 for fiscal year 2024. This figure represents the payment standard for Section 8 housing vouchers in your area, meaning that tenants with vouchers will receive up to this amount to cover their rent. It's important to note that this is not the actual rent you can charge; it's the maximum subsidy amount.
In comparison, the local Zillow Rent Index (ZORI) for Sneads Ferry, NC, stands at $1,880. This suggests that market rents in your area are higher than the FMR, indicating that landlords participating in Section 8 might need to adjust their expectations regarding rental income.
The renter share in Sneads Ferry, NC, is 25.3%, which means that a significant portion of residents rely on rental housing. This percentage points to a strong demand for rental properties, especially those that offer affordable options. Given the FMR and the local rent trends, there is potential for attracting tenants who need financial assistance to find housing.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in Sneads Ferry, NC, is approximately $400,481. This figure gives you an idea of the typical acquisition cost for a property in your area. However, keep in mind that properties suitable for rental purposes may be available at lower prices, particularly if they require some updates to meet Section 8 standards.
Before proceeding with a Section 8 rental in Sneads Ferry, NC, ensure that the property meets all local and federal inspection criteria. This includes passing a Housing Quality Standards (HQS) inspection, which verifies that the property is safe, decent, and sanitary for tenants. Failure to meet these standards can result in penalties and loss of participation in the program.
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.