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NC/Davidson County/Thomasville

Thomasville, NC

CitySAFMR
Davidson County
Found 1 ZIP

City Median Investment Score

119Above average

095130300
BRFMR
Eff. Rent
0 BR$940$880
1 BR$980$940
2 BR$1,070$1,080
3 BR$1,470$1,620
4 BR$1,770$1,780
5 BR$2,035Not available
6 BR$2,341Not available
7 BR$2,692Not available
8 BR$3,096Not available

Purchase Price Calculator

Maximum purchase price
$98,571

Cost breakdown

+Likely effective rent$1,080
HUD FMR$1,070
Market rent$1,080
Est. payment standard (101%)Used$1,080
-Principal and interest-$498
Loan amount$78,857
Down payment$19,714
Rate6.50%
Term30 years
-Operating costs-$382
Property taxes-$99
Insurance-$175
Utilities$0
HOA$0
Management-$108
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,604(89.3% ROI)
Projected value
$106,150
Return breakdown
Property appreciation+$7,579
Loan principal paid down+$2,825
Rental cash flow+$7,200
5-year hold
+$29,991(152.1% ROI)
Projected value
$111,524
Return breakdown
Property appreciation+$12,953
Loan principal paid down+$5,038
Rental cash flow+$12,000
10-year hold
+$63,613(322.7% ROI)
Projected value
$126,179
Return breakdown
Property appreciation+$27,608
Loan principal paid down+$12,005
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.07
1 BR
1.04
2 BR
0.99
3 BR
0.86
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Thomasville, NC fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Thomasville, NC is $1,070 a month. That is up 5.9% from $1,010 in FY 2026. Thomasville is in the Davidson County, NC 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 Thomasville is 7% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Thomasville, NC
BedroomsFY 2027Change90–110% range
Studio$940+9.3%$846–$1,034
1BR$980+5.4%$882–$1,078
2BR$1,070+5.9%$963–$1,177
3BR$1,470+6.5%$1,323–$1,617
4BR$1,770+6.0%$1,593–$1,947

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Thomasville, NC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$940$980$1,070$1,470$1,770
FY 2026$860$930$1,010$1,380$1,670
FY 2025$910$940$1,060$1,350$1,520
FY 2024$810$830$940$1,230$1,500
FY 2023$730$760$860$1,120$1,410

Questions about Thomasville, NC rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,070, that basic range is $963 to $1,177 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 Thomasville, NC in?

Thomasville, NC is in the Davidson County, NC 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 Thomasville, NC for FY 2027?

The two-bedroom FMR rose 5.9%, from $1,010 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 24.4%.

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