Location: Carteret County, NC | Metro: Carteret County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The rent math in ZIP 28511, located in Atlantic, NC, within the Carteret County, NC metro area, does not provide a clear picture due to the absence of specific market rent data. However, the Fair Market Rent (FMR) set at $1,200 for fiscal year 2026 offers a benchmark for rental pricing.
Acquisition affordability is favorable, with a median home value of $234,445. The lack of detailed data on days on market (DOM) and the percentage of homes that require price cuts hinders a complete assessment but suggests that property values are stable and relatively accessible for investors.
Tenant demand is limited. With a total population of 610, only 7.7% are renters. This indicates a small pool of potential tenants, which could make it challenging to find suitable residents for properties.
Verdict: While the median home value in ZIP 28511 makes acquisitions affordable, the limited tenant demand and the absence of specific market rent data pose significant challenges for landlords and small-portfolio investors. The low renter share of 7.7% implies that securing long-term tenants might be difficult, and without precise market rent figures, it's hard to determine if the $1,200 FMR aligns with local rental rates. Investors should proceed with caution, considering these factors carefully before making investment decisions in this area.
Data Sources: FMR data from HUD (2027). 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.