Location: Macon County, NC | Metro: Macon County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
The ZIP code 28744, located within Macon County, NC, stands out with its Fair Market Rent (FMR) of $990 for fiscal year 2026. This figure is critical for understanding the rental dynamics in the area, especially for landlords and small-portfolio investors interested in Section 8 properties.
While the market rent, home value, and renter share percentages for ZIP 28744 are not available, we can make some inferences based on the FMR alone. The FMR is set by the U.S. Department of Housing and Urban Development (HUD) and reflects the maximum amount that a voucher holder can pay towards rent in the area. An FMR of $990 suggests that this ZIP code is likely a value pocket within the Macon County, NC metro. Value pockets are areas where rents are lower relative to other parts of the metro, making them attractive for voucher holders and potentially for investors looking to maximize their returns with lower acquisition costs.
To further contextualize 28744's position, consider that without specific market rent or home value data, it is reasonable to assume that these metrics are also below the average for the county. In many rural areas, including those in North Carolina, the lack of detailed market data often indicates a less developed real estate market. This could mean that property values and market rents are lower, which aligns with the notion of 28744 being a value pocket.
The absence of a specific renter share percentage makes it challenging to definitively label 28744 as a Section 8 sweet spot. However, if we were to infer based on the low FMR, it is plausible that there might be a higher concentration of renters who rely on government assistance. This would make 28744 an ideal location for landlords who are willing to accept Section 8 vouchers, as the demand for affordable housing is likely strong.
In summary, ZIP 28744 appears to be a value pocket within the Macon County, NC metro, characterized by its relatively low FMR. This positioning offers opportunities for landlords and investors who are focused on maximizing returns in a stable, yet affordable, rental market. While specific market data is lacking, the low FMR suggests a potential alignment with the needs of Section 8 voucher holders.
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.