Location: Jacksonville, NC | Metro: Jacksonville, NC MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,290 | $172,316 | 0.75% | D |
| 3BR | $1,790 | $239,290 | 0.75% | D |
U.S. Census Bureau data (2024)
ZIP code 28544, located in Midway Park, NC within Onslow County, stands out due to its unique demographic and economic characteristics. With a population of 4,386 residents, it has a high rental rate of 65.4%, indicating a significant portion of the community relies on rented properties. The median income in this area is $52,354, which is relatively modest compared to the national average. Despite this, the median home value is notably higher at $200,183, suggesting a robust housing market.
The dynamics of the housing market in 28544 are further influenced by the Section 8 voucher program. For fiscal year 2024, the Fair Market Rent (FMR) for ZIP 28544 is set at $1,210. This is below the market rent, measured by the ZORI (Zillow Observed Rental Index), which stands at $1,356. Landlords and small-portfolio investors should be aware that the gap between the FMR and the actual market rent means they might need to subsidize the difference when accepting Section 8 vouchers. However, the higher median home value indicates that there could be opportunities for landlords who can navigate the nuances of the voucher system and still attract tenants willing to pay the market rate.
Evaluating the overall data signature of ZIP 28544, it reads as stable. The consistent median home value suggests a steady housing market, while the high percentage of renters indicates a reliable demand for rental properties. For those interested in investing in this area, understanding the local rental market and the impact of Section 8 vouchers will be crucial. The gap between FMR and market rent provides both challenges and potential rewards for savvy landlords who can balance the needs of their tenants with the realities of the rental market.
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.