Section 8 Fair Market Rent (FMR) for ZIP 28508 - 2027

Location: Duplin County, NC | Metro: Duplin County, NC

Investment Score for ZIP 28508

N/A

Monthly Rent (2BR)

$1,210

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$920
1 Bedroom	$920
2 Bedrooms	$1,210
3 Bedrooms	$1,440
4 Bedrooms	$1,670
5 Bedrooms	$1,937
6 Bedrooms	$2,169
7 Bedrooms	$2,343
8 Bedrooms	$2,460

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,440	$227,630	0.63%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,813

Median Household Income

$34,567

Housing Units

899

Renter Percentage

29.5%

Occupancy Rate

95.0%

Renter Occupied

252

The ZIP code 28508, located in the heart of Charlotte, North Carolina, offers a vibrant mix of urban living and suburban comfort. With easy access to downtown amenities and a growing population, it presents a robust opportunity for landlords and small-portfolio investors looking to capitalize on the area's rental market dynamics.

The Fair Market Rent (FMR) for a two-bedroom apartment in the Charlotte metro area for fiscal year 2026 is set at $1,080.
The average market rent for properties in ZIP 28508, according to the Census American Community Survey (ACS), stands at $1,061.
The median home value in this ZIP code is $212,195, indicating a moderately priced residential market.
Renters make up 29.5% of the housing market, showing a significant demand for rental properties.
The median household income in ZIP 28508 is $34,567, suggesting that while there is demand for affordable housing, rents should align closely with the economic reality of residents.
The Days on Market (DOM) for rental listings is not applicable here, which could imply a quick turnover rate or efficient local real estate management.

Investors can leverage these figures to understand the potential returns and challenges within ZIP 28508. The alignment between the FMR and market rent suggests that pricing is competitive and reflective of government guidelines, making it easier to attract tenants who may qualify for assistance programs. Given the median home value and income levels, targeting the middle to lower-middle-income bracket with well-maintained, affordable rental units will likely yield steady occupancy rates. The substantial renter share indicates strong demand, but also competition, necessitating attention to property quality and location to stand out. Overall, the area presents a balanced investment opportunity with clear parameters for setting rents and understanding tenant demographics.

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.