Location: Yancey County, NC | Metro: Yancey County, NC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
The Section 8 market analysis for ZIP code 28755, located in Yancey County, North Carolina, reveals several key points that landlords and small-portfolio investors should consider. The HUD Fair Market Rent (FMR) for the area is set at $940 per month for the fiscal year 2026. However, the current market rent is not available, which makes it difficult to compare directly against the HUD FMR. Despite this lack of direct comparison, the HUD FMR can still serve as a benchmark for rental pricing.
Voucher tenants in ZIP 28755 will cashflow at the HUD FMR, but the exact margin depends on the individual property's expenses and the local market conditions. Given the limited data, we can infer that properties priced exactly at the FMR will likely break even or offer a marginal profit. To achieve positive cashflow, landlords might need to focus on premium units with lower operating costs or seek higher rents where the market allows.
The median home value for the ZIP code is also not available, which means deriving an accurate rent-to-price ratio is challenging. This ratio would typically help investors understand the relative value of renting versus buying in the area. Without this information, it's important to rely on other indicators such as vacancy rates and the overall economic health of the region.
The days on market (DOM) and the percentage of price cuts are not provided, but these metrics would be crucial for understanding the local real estate market dynamics. A high DOM could indicate a slower rental market, while a significant share of price cuts might suggest that landlords are having to adjust their expectations to match tenant demand.
The strongest angle for investors in ZIP 28755 appears to be stability. With the HUD FMR providing a reliable baseline for rental income, and the potential for steady cashflow from premium units, investors can expect a stable investment environment. This stability is particularly valuable given the lack of detailed market rent data, as it offers a predictable financial outlook for those looking to invest in the area.
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.