Location: Craven County, NC | Metro: Craven County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
ZIP code 28563, located within the Craven County, NC metro area, has a Fair Market Rent (FMR) of $1230 for fiscal year 2024. This figure is key when analyzing the rental market dynamics for landlords and small-portfolio investors.
In comparison to other ZIP codes in Craven County, NC, where typical FMRs may vary, the specific figures available for ZIP 28563 indicate that it could be considered a value pocket. The absence of data on market rent, home value, and renter share suggests limited information but allows us to make some reasonable inferences based on the provided FMR.
The FMR of $1230 is likely lower than the premium sub-markets within the same metro area, which often command higher rents due to desirable amenities, better location, or higher property values. However, without comparative market rent and home value data, we cannot definitively state the relative position of ZIP 28563 in terms of premium or mid-tier status. It stands out as having an established baseline for affordable housing, particularly for those who qualify under the Section 8 program.
A high renter share percentage in ZIP 28563, if it were available, would typically signal a significant number of tenants relying on rental assistance programs such as Section 8. Given the lack of divergent data points, it's prudent to assume that this ZIP code aligns with the broader trends of the Craven County, NC metro area, which may include a mix of value pockets and mid-tier neighborhoods.
Landlords and investors should consider the FMR as a foundational metric for setting competitive rental rates within this ZIP code. Additionally, focusing on the stability and demand for affordable housing can be a strategic approach in this potentially underserved market segment.
Data Sources: FMR data from HUD (2027).
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.