Location: Transylvania County, NC | Metro: Jackson 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 | $980 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,230 | $352,637 | 0.35% | F |
| 3BR | $1,480 | $505,198 | 0.29% | F |
U.S. Census Bureau data (2024)
The market in ZIP 28783, Tuckasegee, NC, presents a dynamic scenario where demand appears to be closely aligned with supply, if not slightly outpacing it. The Fair Market Rent (FMR) for the area stands at $1,040 for fiscal year 2026, indicating the rental threshold set by HUD for the Section 8 program. This figure is notably higher than the actual market rent of $988 reported by the Census Bureau's American Community Survey. This suggests that there is a slight premium on what tenants are willing to pay compared to what the government deems fair, hinting at a robust rental demand.
A zero percent price-cut share signals that landlords are not having to reduce their asking rents to attract tenants, which further supports the notion of balanced or slightly tight rental market conditions. While the days on market (DOM) data is currently unavailable, the absence of price cuts implies that properties are likely selling relatively quickly, reinforcing the idea that the market is moving briskly.
The median home value in Tuckasegee is $454,500, reflecting a stable housing market. A significant portion of residents—32.8%—are renters, which provides insight into the long-term housing pressures. With a substantial share of the population renting, there is ongoing demand for rental properties, making it a viable investment opportunity for landlords and small-portfolio investors. However, the high renter share also indicates that a considerable segment of the population might struggle to enter the homeownership market, suggesting sustained interest in rental properties.
In summary, ZIP 28783 exhibits characteristics of a market where demand is steady and possibly slightly ahead of supply. The pricing dynamics between FMR and market rent, coupled with the lack of need for price reductions, suggest a favorable environment for rental investments. The high proportion of renters points to enduring pressure on the rental market, making it an attractive sector for real estate investment without the necessity of speculative growth forecasts.
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.