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Hope Mills, NC

CitySAFMR
Cumberland County
Found 1 ZIP

City Median Investment Score

134High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,350$1,140
1 BR$1,380$1,190
2 BR$1,530$1,280
3 BR$2,010$1,680
4 BR$2,470$2,150
5 BR$2,841Not available
6 BR$3,267Not available
7 BR$3,757Not available
8 BR$4,320Not available

Purchase Price Calculator

Maximum purchase price
$128,291

Cost breakdown

+Likely effective rent$1,280
HUD FMR$1,530
Market rentUsed$1,280
Est. payment standard (90%)$1,380
-Principal and interest-$649
Loan amount$102,633
Down payment$25,658
Rate6.50%
Term30 years
-Operating costs-$431
Property taxes-$128
Insurance-$175
Utilities$0
HOA$0
Management-$128
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,741(80.8% ROI)
Projected value
$138,155
Return breakdown
Property appreciation+$9,864
Loan principal paid down+$3,677
Rental cash flow+$7,200
5-year hold
+$35,416(138.0% ROI)
Projected value
$145,149
Return breakdown
Property appreciation+$16,858
Loan principal paid down+$6,557
Rental cash flow+$12,000
10-year hold
+$75,557(294.5% ROI)
Projected value
$164,223
Return breakdown
Property appreciation+$35,932
Loan principal paid down+$15,625
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.18
1 BR
1.16
2 BR
1.20
3 BR
1.20
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Hope Mills, NC fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hope Mills, NC is $1,530 a month. That is up 19.5% from $1,280 in FY 2026. Hope Mills is in the Fayetteville, NC HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,476. The median county two-bedroom FMR in North Carolina is $1,145, so Hope Mills is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Hope Mills, NC
BedroomsFY 2027Change90–110% range
Studio$1,350+20.5%$1,215–$1,485
1BR$1,380+21.1%$1,242–$1,518
2BR$1,530+19.5%$1,377–$1,683
3BR$2,010+17.5%$1,809–$2,211
4BR$2,470+16.5%$2,223–$2,717

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Hope Mills, NC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,350$1,380$1,530$2,010$2,470
FY 2026$1,120$1,140$1,280$1,710$2,120
FY 2025$1,070$1,080$1,230$1,660$2,070
FY 2024$1,100$1,100$1,270$1,730$2,160
FY 2023$880$880$1,020$1,400$1,740

Questions about Hope Mills, NC rents

How much will Section 8 pay for a two-bedroom in Hope Mills, NC?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,476, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,328 to $1,624 a month; under the ZIP-level Small Area FMR of $1,530 it would be $1,377 to $1,683. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Hope Mills, NC in?

Hope Mills, NC is in the Fayetteville, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,476.

How much did fair market rent change in Hope Mills, NC for FY 2027?

The two-bedroom FMR rose 19.5%, from $1,280 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 50.0%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set