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NC/Johnston County/Wilsons Mills

Wilsons Mills, NC

CitySAFMR
Johnston County
Found 1 ZIP
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City Median Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,110$1,220
1 BR$1,160$1,280
2 BR$1,260$1,390
3 BR$1,570$1,730
4 BR$2,110$2,010
5 BR$2,427Not available
6 BR$2,790Not available
7 BR$3,209Not available
8 BR$3,690Not available

Purchase Price Calculator

Maximum purchase price
$144,637

Cost breakdown

+Likely effective rent$1,390
HUD FMR$1,260
Market rent$1,670
Est. payment standard (110%)Used$1,390
-Principal and interest-$731
Loan amount$115,710
Down payment$28,927
Rate6.50%
Term30 years
-Operating costs-$459
Property taxes-$145
Insurance-$175
Utilities$0
HOA$0
Management-$139
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,467(77.7% ROI)
Projected value
$155,758
Return breakdown
Property appreciation+$11,121
Loan principal paid down+$4,146
Rental cash flow+$7,200
5-year hold
+$38,399(132.7% ROI)
Projected value
$163,643
Return breakdown
Property appreciation+$19,006
Loan principal paid down+$7,393
Rental cash flow+$12,000
10-year hold
+$82,126(283.9% ROI)
Projected value
$185,148
Return breakdown
Property appreciation+$40,511
Loan principal paid down+$17,615
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.62
1 BR
0.69
2 BR
0.75
3 BR
0.84
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Wilsons Mills, NC fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wilsons Mills, NC is $1,260 a month. That is down 6.7% from $1,350 in FY 2026. Wilsons Mills is in the Raleigh-Cary, NC MSA, 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 Wilsons Mills is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Wilsons Mills, NC
BedroomsFY 2027Change90–110% range
Studio$1,110−5.1%$999–$1,221
1BR$1,160−2.5%$1,044–$1,276
2BR$1,260−6.7%$1,134–$1,386
3BR$1,570−5.4%$1,413–$1,727
4BR$2,110−4.1%$1,899–$2,321

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Wilsons Mills, NC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,160$1,260$1,570$2,110
FY 2026$1,170$1,190$1,350$1,660$2,200
FY 2025$1,290$1,320$1,490$1,840$2,440
FY 2024$1,100$1,130$1,280$1,560$2,070
FY 2023$950$970$1,110$1,370$1,790

Questions about Wilsons Mills, NC rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,260, that basic range is $1,134 to $1,386 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 Wilsons Mills, NC in?

Wilsons Mills, NC is in the Raleigh-Cary, NC MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

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

The two-bedroom FMR fell 6.7%, from $1,350 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 13.5%.

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