Location: Macon County, NC | Metro: Macon 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 | $870 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,250 | $361,221 | 0.35% | F |
| 3BR | $1,590 | $525,893 | 0.3% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 28775, Scaly Mountain, NC, is set at $1,240 per month for fiscal year 2026. This figure represents the payment standard for Section 8 housing assistance, meaning it's the maximum amount the government will pay toward your tenant's rent. It's important to note that this is not the actual rent you'll receive; rather, it's the cap on the subsidy.
In Scaly Mountain, the local median rent is currently listed as N/A, which indicates there isn't enough data to provide an accurate median. However, the fact that the FMR is established at $1,240 suggests that this is a reasonable estimate for the area. The 10.3% renter share tells us that slightly over 10% of the population in this area rents their homes, indicating a moderate demand for rental properties. While this percentage might seem low, it can still translate into a steady pool of potential tenants, especially those seeking Section 8 housing.
If you're looking to acquire a property in this ZIP code, the average price is around $467,618. This cost is significant and should be considered carefully against the monthly income you expect to generate. Given the FMR of $1,240, you can calculate your potential annual income from a Section 8 rental. Subtract any expenses, such as maintenance and property taxes, to see if the investment aligns with your financial goals.
Before proceeding with a Section 8 rental in Scaly Mountain, ensure you verify the specific eligibility requirements for the Housing Choice Voucher Program in your area. These can include property condition standards and rent limits, which must be met for the unit to qualify. Understanding these criteria upfront will help you avoid any unexpected complications later on.
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.