Location: Brunswick County, NC | Metro: Brunswick County, NC HUD Metro FMR Area
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 | $1,120 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,290 | $270,396 | 0.48% | F |
| 3BR | $1,790 | $402,533 | 0.44% | F |
| 4BR | $2,160 | $774,231 | 0.28% | F |
| 5BR | $2,506 | $1,496,320 | 0.17% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 28462, Supply, NC, suggests a balanced market with indications of slight seller's advantage over the next 12-24 months. The median home value stands at $464,160, a figure that has remained relatively stable. This stability is further supported by the fact that only 0.2% of listings have seen price reductions. While the median days on market (DOM) is not available, the low percentage of reduced listings points towards a robust demand for homes, allowing sellers to maintain their asking prices.
The combination of a stable median home value and minimal price reductions signals that homeowners in Supply, NC, hold a degree of pricing power. Potential buyers are likely competing for fewer homes, which can drive up the final sale prices. However, the absence of a median DOM figure means we cannot conclusively determine if homes are selling quickly, which would be another strong indicator of seller's market conditions. Nonetheless, the current data suggests that sellers can expect to see their homes sold close to their original listing prices.
On the rental side, the dynamics paint a different picture. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $860, while the Zillow Observed Rental Index (ZORI) stands at $2,100. This significant gap between the government-set FMR and the actual market rates indicates a strong rental market, particularly for Section 8 tenants. Landlords and small-portfolio investors should expect steady demand for rental properties that meet or slightly exceed the FMR, though they may face challenges in finding tenants willing to pay closer to the market rate.
For long-term investors looking to hold properties in Supply, NC, the appreciation thesis is less clear. With a stable median home value and a limited number of price reductions, there is no immediate indication of rapid appreciation. Instead, the setup implies a market where steady, modest growth could be expected. Investors should focus on the rental income potential, especially given the disparity between the FMR and market rates, rather than relying heavily on property appreciation as a source of profit.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.