Location: Jackson County, NC | Metro: Jackson 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 | $1,060 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $517,618 | 0.24% | F |
| 3BR | $1,590 | $886,514 | 0.18% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP 28736, Glenville, NC, within the Jackson County, NC metro area, reveals several key points regarding its viability for Section 8 real-estate investments.
The rent math does not work favorably. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,170. However, the market rent for this ZIP code is currently not available, indicating a potential discrepancy between what the government deems fair and the actual rental prices landlords can charge. This lack of data suggests that landlords might struggle to find a balance between covering their costs and adhering to FMR guidelines.
Acquisition in this area is challenging due to the high median home value of $787,077. The median days on market (DOM) and the percentage of homes that require a price cut are also unavailable, which means that while the cost of acquiring properties is high, the ease of selling them or adjusting their prices to sell quickly is uncertain. Landlords and small-portfolio investors should be prepared for a potentially longer investment horizon.
Tenant demand is low. With a total population of 1,000 and only 10.6% of residents being renters, the pool of potential Section 8 tenants is limited. This makes it difficult to secure long-term, stable rental income, which is crucial for investment properties.
Verdict: ZIP 28736 presents a less favorable environment for Section 8 real-estate investments. The high median home values coupled with an unclear market rent situation and limited tenant demand suggest that while the area may offer quality housing, it does not support the financial benefits typically sought by landlords and small-portfolio investors engaged in Section 8 programs. The lack of specific market data points to additional risks and uncertainties that could affect the profitability and stability of such investments.
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.