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NC/Brunswick County/Ocean Isle Beach

Ocean Isle Beach, NC

CitySAFMR
Brunswick County
Found 1 ZIP

City Median Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$1,120$1,230
1 BR$1,180$1,300
2 BR$1,290$1,420
3 BR$1,790$1,930
4 BR$2,160$2,190
5 BR$2,484Not available
6 BR$2,857Not available
7 BR$3,285Not available
8 BR$3,778Not available

Purchase Price Calculator

Maximum purchase price
$149,095

Cost breakdown

+Likely effective rent$1,420
HUD FMR$1,290
Market rent$1,900
Est. payment standard (110%)Used$1,420
-Principal and interest-$754
Loan amount$119,276
Down payment$29,819
Rate6.50%
Term30 years
-Operating costs-$466
Property taxes-$149
Insurance-$175
Utilities$0
HOA$0
Management-$142
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,937(76.9% ROI)
Projected value
$160,559
Return breakdown
Property appreciation+$11,464
Loan principal paid down+$4,273
Rental cash flow+$7,200
5-year hold
+$39,213(131.5% ROI)
Projected value
$168,687
Return breakdown
Property appreciation+$19,592
Loan principal paid down+$7,621
Rental cash flow+$12,000
10-year hold
+$83,918(281.4% ROI)
Projected value
$190,854
Return breakdown
Property appreciation+$41,759
Loan principal paid down+$18,158
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.60
1 BR
0.72
2 BR
0.68
3 BR
0.90
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Ocean Isle Beach, NC fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ocean Isle Beach, NC is $1,290 a month. That is up 8.4% from $1,190 in FY 2026. Ocean Isle Beach is in the Brunswick County, 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 $1,574. The median county two-bedroom FMR in North Carolina is $1,145, so Ocean Isle Beach is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Ocean Isle Beach, NC
BedroomsFY 2027Change90–110% range
Studio$1,120+7.7%$1,008–$1,232
1BR$1,180+8.3%$1,062–$1,298
2BR$1,290+8.4%$1,161–$1,419
3BR$1,790+7.8%$1,611–$1,969
4BR$2,160+8.0%$1,944–$2,376

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Ocean Isle Beach, NC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,180$1,290$1,790$2,160
FY 2026$1,040$1,090$1,190$1,660$2,000
FY 2025$900$980$1,090$1,530$1,830
FY 2024$830$880$990$1,400$1,680
FY 2023$760$780$880$1,250$1,500

Questions about Ocean Isle Beach, NC rents

How much will Section 8 pay for a two-bedroom in Ocean Isle Beach, NC?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,574, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,417 to $1,731 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 Ocean Isle Beach, NC in?

Ocean Isle Beach, NC is in the Brunswick County, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,574.

How much did fair market rent change in Ocean Isle Beach, NC for FY 2027?

The two-bedroom FMR rose 8.4%, from $1,190 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 46.6%.

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