Location: Haywood County, NC | Metro: Haywood County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 28745 in Haywood County, North Carolina, reveals several key points that landlords and small-portfolio investors should consider.
The rent math does not work favorably here. The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1250. However, the lack of data on market rent suggests either an underdeveloped rental market or insufficient reporting, making it difficult to assess whether the FMR aligns with what tenants can actually afford.
Acquisition appears to be relatively affordable. With a median home value of $440,761, potential investors might find this area attractive for property purchases. Unfortunately, the absence of data on days on market (DOM) and the percentage of homes sold with a price cut means we cannot provide a comprehensive assessment of the current market dynamics for property sales.
Tenant demand is low. The total population of 670 indicates a small community, and only 3.2% of residents are renters. This limited pool of potential tenants could make it challenging to fill vacancies and maintain steady rental income.
Verdict: ZIP code 28745 presents a mixed picture for real-estate investment. While the median home value offers a reasonable entry point into the market, the low tenant demand and uncertain market rent figures pose significant challenges. Investors should proceed cautiously, focusing on properties that can be rented at or below the FMR of $1250, and be prepared for a potentially slow turnover of tenants in this small and sparsely populated area.
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.