Section 8 Fair Market Rent (FMR) for ZIP 28542 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,510
1 Bedroom	$1,520
2 Bedrooms	$1,870
3 Bedrooms	$2,590
4 Bedrooms	$3,130
5 Bedrooms	$3,631
6 Bedrooms	$4,067
7 Bedrooms	$4,392
8 Bedrooms	$4,612

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

3,508

Median Household Income

$125,491

Housing Units

Renter Percentage

100.0%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 28542, located in the heart of Davidson, North Carolina, is a residential area that offers a blend of suburban living and proximity to urban amenities. Known for its quiet neighborhoods and excellent schools, this area attracts families and young professionals alike. The real estate market here is heavily skewed towards rental properties, making it particularly interesting for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 28542 in fiscal year 2024 is set at $1270, providing a benchmark for rental pricing.
According to the Census Bureau's American Community Survey (ACS), the average market rent for units in ZIP 28542 stands at $1,451, indicating a slightly higher demand than the FMR suggests.
The median home value in this area is currently N/A, which might be due to the high proportion of renters over homeowners.
A remarkable 100.0% of the households in ZIP 28542 are renters, highlighting the strong rental market and limited competition from home ownership.
The Days on Market (DOM) figure is N/A, suggesting either a very active market where properties rent quickly or a lack of recent sales data.
The median household income in ZIP 28542 is $125,491, which is significantly above the national average, indicating a robust local economy capable of supporting higher rents.

Investors looking to enter the rental market in ZIP 28542 can expect a strong demand for rental properties, driven by the area's attractive living conditions and high-income demographics. With the market rent exceeding the FMR and a complete reliance on rental housing, there is ample opportunity to generate consistent cash flow. However, the absence of DOM data may require additional research to understand the velocity of property turnovers. Overall, the high median income supports the potential for premium rents, making this area a solid investment choice for those focused on the rental sector.

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.