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Forsyth County/Lewisville/27023

27023

ZIPSAFMR
Forsyth County, NC
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$1,140$1,250
1 BR$1,300$1,330
2 BR$1,410$1,530
3 BR$1,860$1,830
4 BR$2,260$2,330
5 BR$2,599Not available
6 BR$2,989Not available
7 BR$3,437Not available
8 BR$3,953Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,410
Market rent$1,590
Est. payment standard (108%)Used$1,530
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.58
1 BR
0.96
2 BR
0.89
3 BR
1.02
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 27023 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27023 (Lewisville, NC) is $1,410 a month. That is up 6.0% from $1,330 in FY 2026. Lewisville is in the Winston-Salem, NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 42 ZIP codes in Forsyth County, 27023 has the 11th-highest two-bedroom rent (county range $1,010–$1,910). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27023 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27023
BedroomsFY 2027Change90–110% range
Studio$1,140+6.5%$1,026–$1,254
1BR$1,300+11.1%$1,170–$1,430
2BR$1,410+6.0%$1,269–$1,551
3BR$1,860+6.9%$1,674–$2,046
4BR$2,260+10.2%$2,034–$2,486

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27023
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,300$1,410$1,860$2,260
FY 2026$1,070$1,170$1,330$1,740$2,050
FY 2025$1,050$1,100$1,290$1,690$1,990
FY 2024$990$1,040$1,230$1,610$1,850
FY 2023$850$880$1,060$1,400$1,630

Two-bedroom rent in nearby Forsyth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27023
27009$1,620+14.9%
27010$1,380−2.1%
27012$1,450+2.8%
27019$1,010−28.4%
27021$1,170−17.0%
27023Current$1,410—
27040$1,850+31.2%
27045$1,370−2.8%
27050$1,140−19.1%
27051$1,510+7.1%
27052$1,010−28.4%
27094$1,380−2.1%

Questions about ZIP 27023 rents

How much will Section 8 pay for a two-bedroom in ZIP 27023?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 ZIP 27023 in?

ZIP 27023 is in the Winston-Salem, 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 ZIP 27023 for FY 2027?

The two-bedroom FMR rose 6.0%, from $1,330 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 33.0%.

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

County fair market rentLewisville, NC fair market rentNC statewide rentsWhat is SAFMR?Data sources