Section 8 Fair Market Rent (FMR) for ZIP 28518 - 2027

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

Investment Score for ZIP 28518

D
Monthly Rent (2BR)
$1,090
Median Price (2BR)
$145,616
1% Rule
0.75%
Annual Yield
8.98%

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$840
1 Bedroom$850
2 Bedrooms$1,090
3 Bedrooms$1,470
4 Bedrooms$1,780
5 Bedrooms$2,065
6 Bedrooms$2,313
7 Bedrooms$2,498
8 Bedrooms$2,623

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
2BR $1,090 $145,616 0.75% D
3BR $1,470 $254,556 0.58% F
4BR $1,780 $303,376 0.59% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
7,651
Median Household Income
$54,127
Housing Units
3,618
Renter Percentage
22.3%
Occupancy Rate
85.5%
Renter Occupied
689

The classification of ZIP 28518, Beulaville, NC, on the axes of yield and stability reveals a market that leans towards steady cash flow but with some volatility factors. The Federal Market Rent (FMR) for the area in fiscal year 2024 is set at $930, which is slightly below the market rent of $939. This indicates a modest yield potential for rental properties, suggesting that landlords can expect a reasonable return on investment without excessive risk.

The median home value of $225,627 is significantly higher than the average annual income of $54,127, implying that homeownership is less accessible to the local population. With only 22.3% of residents being renters, there is a smaller pool of potential tenants compared to areas where renting is more common. However, the lack of data on days on market (DOM) suggests that property turnover rates might be stable, reducing the likelihood of prolonged vacancies.

To summarize, the yield in Beulaville is moderate due to the close alignment of FMR and market rent figures. Stability is somewhat compromised by the relatively low percentage of renters and the significant disparity between home values and average incomes. Despite these factors, the absence of high DOM figures points to a generally reliable tenant base. Therefore, Beulaville is best classified as a steady-cashflow zone with some inherent risks, making it suitable for conservative investors seeking consistent returns rather than high-risk, high-reward opportunities.

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.