However, is this just showing me that these areas have a high level of lower-income households.

I use median household income by zip code and adjacent zips (qualified with boots on the ground assessment).

Here are some rough numbers we're seeing.Studio apartment $3000One bedroom $3200-3500Two bedroom $3500-4000Three bedroom $4500-5500Expenses are similar to STRs: utilities, consumable supplies, occasionally replacing broken or worn down household items and furniture, insurance, and the usual for any property such as maintenance, CAPEX, and taxes.

I know Burlington/Graham are quite popular for households where one spouse works in the Triangle area and one works in the Triad, I'm guessing Mebane is similar?

The bottom of households are finding ways to cope with the incrementals.

Look for Median Household Income, Poverty, Median Contract Rent, Median House Value and Unemployment.  

Have to call them tomorrow to find out how loose the "ties" can be ("To become a member, you or one of your family or household members must have ties to the armed forces, DoD or National Guard."), since I don't have any direct connections. 

The guidelines we use: We run credit on everyone and look for at least one of the household (primarily the breadwinner) to meet our minimum credit requirement.

About 10% of households in the US will have at least one person with a $1M net worth in them.

There was an incident nearby where I lived a few years ago where a man woke up in the middle of the night to find two hoodlums in his household.