Location: Pamlico County, NC | Metro: Pamlico County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
0.0% of the housing units in ZIP code 28552 are rented out, indicating a predominantly owner-occupied community. This aligns with the $63,841 median income, which suggests residents have the financial capability to purchase homes rather than rent. Despite the lack of data on market rent and median home value, the $1140 Fair Market Rent (FMR) set for zip code 28552 for fiscal year 2024 provides a benchmark for rental pricing. Landlords should note that this FMR is the maximum amount allowed under the Section 8 program for a two-bedroom unit, and it reflects the local rental market conditions. The absence of data on days on market (DOM) and the percentage of price-cut share indicates stability in the housing market, with little fluctuation in property values or time to sell. Given these metrics, it's clear that the demand for rentals is low, and the supply is limited. Therefore, landlords and small-portfolio investors must carefully consider the potential for rental income in this area, especially when relying on the Section 8 program. The $1140 FMR is a critical figure for determining the viability of Section 8 properties in 28552.
To summarize, the low renter share and high median income suggest a challenging environment for rental investments, particularly those dependent on government subsidies. However, the established FMR offers a reliable guideline for setting rental prices for eligible tenants. The verdict on Section 8 in ZIP 28552 is that it remains a niche market with limited opportunities due to the strong preference for homeownership among residents.
1140 - Section 8 properties in 28552 are viable but limited in scope.
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.