Location: Lenoir County, 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 | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $125,507 | 0.84% | C |
| 3BR | $1,470 | $200,534 | 0.73% | D |
| 4BR | $1,780 | $289,166 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 28572, located in Pink Hill, North Carolina, encompasses a neighborhood with a total population of 6,658 residents. Approximately 27.8% of these individuals are renters, indicating a modest demand for rental properties. The median household income in this area stands at $55,660, reflecting a middle-class community where affordability is a key consideration. The median home value is $170,311, which suggests that homeownership is accessible to many residents.
Transitioning into the economic landscape of rentals, the Fair Market Rent (FMR) for ZIP code 28572 for fiscal year 2024 is set at $860. This figure represents the government's benchmark for affordable housing under the Section 8 program. In contrast, the average market rent as reported by the Census Bureau's American Community Survey (ACS) is $925, showing a slight premium over the FMR.
The disparity between the FMR and market rent rates offers insight into the potential profitability and operational strategy for investors. For those seeking a hands-off approach, the Section 8 program can provide a steady, though conservative, stream of income. However, given the difference between FMR and market rents, a hands-on investor could potentially capture additional value through property improvements and management efficiencies, thereby increasing the overall return on investment.
In conclusion, ZIP 28572 in Pink Hill, NC, presents a balanced opportunity for both hands-off voucher operators and hands-on value-add buyers. The demographic and economic factors suggest that while there is room for improvement and added value, the existing conditions support a stable investment environment.
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.