Section 8 Fair Market Rent (FMR) for ZIP 29641 - 2027

FY 2027 Fair Market Rent Rates

1030 is the Fair Market Rent (FMR) for ZIP code 29641 in fiscal year 2024, indicating the maximum amount Section 8 voucher holders can pay for housing in this area. While the specific market rent for 29641 is not available, the FMR serves as a benchmark for rental pricing. The lack of data on median home values suggests a limited supply of homes for sale or a focus primarily on rental properties in this region. With no information on the percentage of renters, it's difficult to gauge the overall demand for rental properties in 29641. However, the absence of median income data implies that there may be a diverse economic landscape, with varying income levels among residents. This diversity could present opportunities for landlords to cater to different segments of the market. The N/A-day Days on Market (DOM) figure indicates that properties are likely selling quickly once listed, although this is speculative without concrete data. Similarly, the unknown percentage of price-cut shares might suggest that sellers are generally able to achieve their asking prices without significant reductions. For landlords and small-portfolio investors looking to leverage Section 8 vouchers in ZIP code 29641, the $1030 FMR provides a clear guideline for setting rents that attract voucher holders while ensuring profitability. Given the limited availability of specific local market data, reliance on the FMR is crucial for making informed decisions. The verdict on Section 8 eligibility for 29641 is affirmative, with the $1030 FMR offering a solid foundation for investment strategy.

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.