Location: Hickory-Lenoir-Morganton, NC | Metro: Hickory-Lenoir-Morganton, NC MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
The ZIP code 28603 is located in Hickory, North Carolina. However, there is no direct census data available for this specific ZIP code. To build an accurate portrait, we need to look at the broader context of Hickory and Catawba County.
Hickory is a small town with a unique ZIP code that covers a single point location. Despite the lack of detailed census data, it is possible to infer some characteristics based on nearby areas. For instance, the surrounding region has a mix of homeowners and renters, but specific percentages are not available for ZIP 28603.
The Fair Market Rent (FMR) for ZIP 28603 is set at $1070 for fiscal year 2024. Without precise figures for the market rent, we cannot directly compare it to the FMR. However, the absence of recent market rent data suggests a less volatile rental environment, which could be beneficial for hands-off voucher operators.
In terms of investment strategy, ZIP 28603 appears to favor hands-off operators due to the limited availability of specific economic indicators. There is little need for extensive property management or value-add strategies given the current data landscape. For those interested in more active investment opportunities, focusing on ZIP codes with richer demographic data might yield better insights into potential value-add opportunities.
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.