Location: Jones County, NC | Metro: Craven County, NC
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 | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,260 | $190,502 | 0.66% | D |
| 3BR | $1,660 | $311,374 | 0.53% | F |
| 4BR | $2,010 | $418,151 | 0.48% | F |
| 5BR | $2,332 | $492,465 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 28562, located in Trent Woods, North Carolina, represents a moderately renter-heavy area with significant potential for Section 8 tenants. With a population of 39,082, 25.6% of residents are renters, indicating a substantial market for rental properties. The median household income in this area is $75,012, which provides a baseline for understanding the economic context.
The typical market rent of $1,614 stands at approximately 21.5% of the median household income. This percentage suggests that the average renter in ZIP 28562 can afford to pay around 21.5% of their income towards rent, leaving them with a comfortable margin for other expenses. However, when comparing the market rent to the Fair Market Rent (FMR) set at $1,200 for FY 2024, it becomes evident that the actual rents are higher than the government's benchmark. This discrepancy indicates that there might be a significant demand for subsidized housing options such as Section 8 vouchers.
A landlord in ZIP 28562 should expect a diverse tenant pool, with a notable segment relying on Section 8 vouchers due to the high cost of living relative to the FMR. Tenants will likely include individuals and families who benefit from federal assistance programs to manage housing costs. Given the income levels and the cost of rent, these tenants would be spending a larger portion of their income on housing if they were to pay the full market rate without subsidies. Therefore, landlords should prepare to work with tenants who have a capped rent amount, typically no more than 40% of their adjusted income, as per Section 8 guidelines.
In summary, ZIP 28562 offers a viable opportunity for landlords interested in Section 8 tenants. While the area is not predominantly renter-heavy, it does present a scenario where the need for affordable housing could drive demand for subsidized units. Landlords should anticipate working with tenants who require financial assistance to cover their housing expenses, ensuring that properties are maintained to meet program standards and that lease agreements are structured to comply with the requirements of the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.