Location: Wilkes County, NC | Metro: Wilkes County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 28670 is situated in a small-town setting with a total population of 2,124. Approximately 31.7% of residents are renters, indicating a modest demand for rental properties. The median household income in this area is $49,567, which suggests that the community is middle-class. The median home value stands at $213,553, reflecting an affordable housing market.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $930. In contrast, the current market rent, according to the Census ACS, is $753. This discrepancy between the FMR and the actual market rent presents an opportunity for landlords and investors to potentially charge higher rents through participation in the Section 8 program.
Given these conditions, ZIP 28670 is well-suited for both hands-off voucher operators and hands-on value-add buyers. For those seeking a low-maintenance investment, the difference between the FMR and market rent allows for a steady income stream without the need for extensive property management. Meanwhile, for investors willing to take a more active role, there is potential to improve property values and rents, given the relatively low median home value and market rent.
Data Sources: FMR data from HUD (2027). 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.