Section 8 Fair Market Rent (FMR) for ZIP 28740 - 2027

Investment Score for ZIP 28740

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Bakersville, NC, located in ZIP code 28740, is a small town with a growing interest in affordable housing options. The area offers potential opportunities for landlords and small-portfolio investors looking to capitalize on the rental market trends and federal guidelines.

• The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,060, indicating the government's benchmark for what is considered a reasonable rent for a two-bedroom apartment.
• The actual market rent, according to Census ACS data, stands at $972, which is slightly below the FMR, suggesting there is room for price adjustment without being out of line with local expectations.
• The median home value in Bakersville is $254,029, making it an attractive location for those seeking to invest in properties that offer a balance between affordability and appreciation potential.
• Renters make up 25.0% of the housing market, showing a significant portion of the population that relies on rental properties, thus providing a stable demand for landlords.
• The median income in the area is $48,214, which aligns well with the rental rates, ensuring that tenants can afford their monthly payments.
• The Days on Market (DOM) data is currently unavailable, but this metric would be crucial in assessing how quickly properties are rented once listed, impacting investment turnover and strategy.

Analyzing these points, Bakersville presents a balanced opportunity for real estate investors. With a substantial renter base and median incomes that support current market rents, there is a strong foundation for steady rental income. However, investors should aim to position their rental rates close to the FMR to maximize returns while remaining competitive. The median home value also suggests a moderate risk profile, suitable for cautious investors. The lack of DOM data means that further research is needed to understand the speed at which properties are typically leased, which could impact investment timing and liquidity strategies.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.