Location: Jacksonville, NC | Metro: Jacksonville, NC MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,120 |
| 4 Bedrooms | $2,560 |
| 5 Bedrooms | $2,970 |
| 6 Bedrooms | $3,326 |
| 7 Bedrooms | $3,592 |
| 8 Bedrooms | $3,772 |
U.S. Census Bureau data (2024)
The ZIP code 28543 is characterized by a predominantly rental market, with 97.1% of the 6,069 residents being renters. This indicates a strong demand for rental properties in the area. The median household income stands at $50,649, suggesting a middle-income community where many residents rely on assistance programs such as Section 8 to afford housing.
In terms of rent economics, the Fair Market Rent (FMR) for ZIP 28543 in fiscal year 2024 is set at $1,510. However, the actual market rent, according to Census ACS data, is slightly lower at $1,418. This means that landlords who accept Section 8 vouchers can expect to receive a rent subsidy that aligns closely with the market rate, making it a financially viable option for those seeking stable, long-term income without the need for constant tenant turnover.
Given these factors, ZIP 28543 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the high percentage of renters and the alignment between FMR and market rent provide a solid foundation for consistent cash flow with minimal management effort. On the other hand, for hands-on buyers looking to improve property values, there is ample opportunity to enhance existing units and potentially command higher rents above the current market rate, especially if targeting non-voucher tenants willing to pay premium prices for upgraded amenities and quality.
Investors should note that the lack of a median home value suggests that this area is primarily composed of rental units rather than owner-occupied homes. This further supports the idea that the market is heavily reliant on rental housing, particularly assisted housing options like Section 8. The combination of a high concentration of renters and a middle-income demographic makes 28543 an attractive investment destination for those interested in the stability offered by government-backed rental subsidies.
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.