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NC/Gaston County/Mc Adenville

Mc Adenville, NC

CitySAFMR
Gaston County
Found 1 ZIP

City Median Investment Score

81Below average

095130300
BRFMR
Eff. Rent
0 BR$1,310$1,150
1 BR$1,370$1,360
2 BR$1,490$1,540
3 BR$1,820$1,870
4 BR$2,310$2,180
5 BR$2,657Not available
6 BR$3,055Not available
7 BR$3,513Not available
8 BR$4,040Not available

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMR$1,490
Market rent$1,570
Est. payment standard (103%)Used$1,540
-Principal and interest-$844
Loan amount$133,542
Down payment$33,385
Rate6.50%
Term30 years
-Operating costs-$496
Property taxes-$167
Insurance-$175
Utilities$0
HOA$0
Management-$154
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,820(74.3% ROI)
Projected value
$179,762
Return breakdown
Property appreciation+$12,835
Loan principal paid down+$4,784
Rental cash flow+$7,200
5-year hold
+$42,468(127.2% ROI)
Projected value
$188,862
Return breakdown
Property appreciation+$21,936
Loan principal paid down+$8,532
Rental cash flow+$12,000
10-year hold
+$91,084(272.8% ROI)
Projected value
$213,681
Return breakdown
Property appreciation+$46,754
Loan principal paid down+$20,330
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.01
2 BR
0.95
3 BR
0.96
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Mc Adenville, NC fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mc Adenville, NC is $1,490 a month. That is up 10.4% from $1,350 in FY 2026. Mc Adenville is in the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in North Carolina is $1,145, so Mc Adenville is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Mc Adenville, NC
BedroomsFY 2027Change90–110% range
Studio$1,310+11.0%$1,179–$1,441
1BR$1,370+11.4%$1,233–$1,507
2BR$1,490+10.4%$1,341–$1,639
3BR$1,820+9.6%$1,638–$2,002
4BR$2,310+9.5%$2,079–$2,541

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Mc Adenville, NC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,370$1,490$1,820$2,310
FY 2026$1,180$1,230$1,350$1,660$2,110
FY 2025$1,250$1,300$1,440$1,780$2,250
FY 2024$1,080$1,100$1,240$1,540$1,980
FY 2023$950$970$1,100$1,400$1,800

Questions about Mc Adenville, NC rents

How much will Section 8 pay for a two-bedroom in Mc Adenville, NC?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,490, that basic range is $1,341 to $1,639 a month. 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 Mc Adenville, NC in?

Mc Adenville, NC is in the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Mc Adenville, NC for FY 2027?

The two-bedroom FMR rose 10.4%, from $1,350 in FY 2026 to $1,490 in FY 2027. Since FY 2023 it has risen 35.5%.

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