JeffCroweCRE

Housing market/North Carolina/ZIP 27203

ACS 2023 · FY2027 SAFMR

ZIP 27203 Asheboro, North Carolina

Greensboro-High Point, NC HUD Metro FMR Area · North Carolina. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
22,641
Households
9,219
Median HH income
$47,506
Renter share
56.5%
Median gross rent
$852
Vacancy
7.2%
Pop. change
+4.4%
2BR SAFMR
$1,010
SAFMR / rent
1.185×
2–49 unit stock
3,443
LIHTC proj / units
10 / 618
HUD assisted MF
6 / 279

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 27203 · NC — sent to you.

ZIP 27203 · NC

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ACS rent vs 2BR SAFMR

ZIP 27203 — Asheboro, NC HUD Section 8 Payment Standards / SAFMR →
ACS median rent$852
2BR SAFMR$1,010
90% floor$909
110% ceiling$1,111

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 27203

  • 1-unit detached5,24652.8%
  • 1-unit attached4304.3%
  • 2–4 units1,55415.6%
  • 5–49 units1,88919.0%
  • 50+ units2232.2%
  • Mobile5956.0%
TypeUnitsShare
1-unit detached5,24652.8%
1-unit attached4304.3%
2 units (duplex)6696.7%
3–4 units8858.9%
5–9 units1,12311.3%
10–19 units4664.7%
20–49 units3003.0%
50+ units2232.2%
Mobile5956.0%

2–4 unit share 15.6% · 5–49 unit share 19.0% · combined 2–49 34.6%.

Units by bedrooms

Studio
303
1BR
1,603
2BR
3,379
3BR
3,652
4BR
660
5+
340

Rent burden

Rent ≥30% of income42.1%
Rent ≥50% of income19.8%
  • ACS median gross rent $852 (all bedrooms, occupied rentals).
  • Median contract rent $677.
  • Renters paying ≥30% of income 42.1%; ≥50% 19.8%.
  • FY2027 2BR SAFMR $1,010 (1.185× ACS median gross rent).

Population

22,641 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +4.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 10 projects, 618 units.
  • HUD project-based assisted MF: 6 properties, 279 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 10 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 27203 56.5% of occupied households are renters; vacancy is 7.2%; ACS median gross rent is $852; population increased +4.4% between the 2018 and 2023 ACS vintages; the housing stock includes 1,554 units in 2–4-unit structures and 1,889 units in 5–49-unit structures; 10 LIHTC projects totaling 618 units; FY2027 2BR SAFMR is $1,010 versus ACS median gross rent of $852. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

North Carolina research

ZIP 27203 is a Census / HUD profile for Greensboro-High Point, NC. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 27203 — Asheboro, NC HUD Section 8 Payment Standards / SAFMR·North Carolina ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
27205Greensboro-High Point, NC HUD Metro FMR Area21.2%$789$1,01027215Greensboro-High Point, NC HUD Metro FMR Area39.0%$1,112$1,50027230Greensboro-High Point, NC HUD Metro FMR Area——$1,02027233Greensboro-High Point, NC HUD Metro FMR Area13.1%$830$1,19027248Greensboro-High Point, NC HUD Metro FMR Area20.4%$1,003$1,21027260Greensboro-High Point, NC HUD Metro FMR Area59.3%$796$1,12027261Greensboro-High Point, NC HUD Metro FMR Area——$1,31027263Greensboro-High Point, NC HUD Metro FMR Area30.6%$924$1,10027264Greensboro-High Point, NC HUD Metro FMR Area——$1,31027268Greensboro-High Point, NC HUD Metro FMR Area——$1,19027282Greensboro-High Point, NC HUD Metro FMR Area25.6%$1,374$1,55027283Greensboro-High Point, NC HUD Metro FMR Area11.5%$1,159$1,360

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is North Carolina research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 27203?

ZIP 27203 (Greensboro-High Point, NC HUD Metro FMR Area) has 22,641 residents, 9,219 households, a renter share of 56.5%, median household income of $47,506, and ACS 2023 median gross rent of $852. Vacancy is 7.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 27203?

ACS counts 669 units in 2-unit buildings, 885 in 3–4 unit buildings, 1,123 in 5–9, 466 in 10–19, and 300 in 20–49. Combined 2–49 unit stock is 3,443 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 27203?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,010. See the full schedule and 90–110% payment-standard band on the ZIP 27203 — Asheboro, NC HUD Section 8 Payment Standards / SAFMR.

Does this North Carolina ZIP profile include Georgia listings?

No. ZIP 27203 is Census / HUD research for Greensboro-High Point, NC HUD Metro FMR Area. Jeff Crowe CRE does not list North Carolina property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.