Location: Jones County, NC | Metro: Jones 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 | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $110,039 | 0.96% | C |
| 3BR | $1,280 | $182,001 | 0.7% | D |
| 4BR | $1,770 | $203,377 | 0.87% | C |
U.S. Census Bureau data (2024)
The ZIP code 28585, located in Trenton, North Carolina, can serve as an anchor for cash flow within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 28585 in fiscal year 2024 is set at $860, while the median market rent is $831. This indicates a slight spread favoring landlords, with the potential to generate steady rental income.
With a median home value of approximately $135,706, properties in this area are relatively affordable. This makes it easier for landlords to acquire multiple units without requiring significant capital investment. Additionally, the 22.1% renter share suggests a stable demand for rental properties, reducing the risk of vacancies.
While there is limited data on appreciation plays, the focus should be on the cash flow potential. The median income in the area is $60,855, which supports the ability of tenants to meet their rent obligations consistently. Given the low median home value relative to the national average, it is unlikely that this ZIP code will see rapid price increases, making it more suitable for generating regular rental income rather than capital appreciation.
In conclusion, ZIP 28585 is best suited as a cash flow anchor within a Section 8 portfolio strategy due to its favorable rent-to-value ratio and stable tenant population. Landlords can expect reliable rental income with minimal risk of vacancy, making it a solid choice for long-term investment.
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.