Location: Duplin 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 | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $223,820 | 0.59% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 28464 within the Duplin County, NC metro reveals several key points when comparing its Fair Market Rent (FMR), market rent, home value, and renter share against typical ZIP codes in the county.
Fair Market Rent (FMR): $1,110
This figure represents the FMR for the metro area in fiscal year 2026. It indicates that landlords can expect to receive up to this amount in rental income for units that meet the quality standards set by the Department of Housing and Urban Development (HUD).
Market Rent: $891
The market rent for ZIP 28464 is lower than the FMR, suggesting that there might be a value pocket where rental properties are priced below the HUD guidelines but still within reach of potential Section 8 tenants.
Home Value: $211,528
The median home value in 28464 is notably higher than the average home value across other ZIP codes in Duplin County, NC. This suggests that while it may be a desirable location, it could also be seen as a premium sub-market due to its higher property values.
Renter Share: 28.7%
A 28.7% renter share is slightly above the typical percentage found in many ZIP codes within Duplin County. This higher proportion of renters can signal a greater demand for rental properties, which is favorable for landlords and small-portfolio investors.
In summary, ZIP 28464 appears to be a premium sub-market within the Duplin County, NC metro due to its higher home values. However, the lower market rent compared to the FMR, combined with a relatively high renter share, suggests that it could also represent a sweet spot for Section 8 participation. Landlords and investors should consider the balance between higher property costs and the potential for capturing a significant portion of the rental market, particularly through Section 8 vouchers.
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.