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Forsyth County/Pfafftown/27040

27040

ZIPSAFMR
Forsyth County, NC
Zillow

ZIP Investment Score

86Below average

095130300
BRFMR
Eff. Rent
0 BR$1,500$1,300
1 BR$1,700$1,150
2 BR$1,850$1,320
3 BR$2,440$1,750
4 BR$2,970$2,150
5 BR$3,415Not available
6 BR$3,928Not available
7 BR$4,517Not available
8 BR$5,195Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMR$1,850
Market rentUsed$1,320
Est. payment standard (90%)$1,670
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.48
2 BR
1.40
3 BR
1.39
4 BR
1.38
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 27040 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27040 (Pfafftown, NC) is $1,850 a month. That is up 4.5% from $1,770 in FY 2026. Pfafftown 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, 27040 has the 2nd-highest two-bedroom rent (county range $1,010–$1,910). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27040 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27040
BedroomsFY 2027Change90–110% range
Studio$1,500+4.9%$1,350–$1,650
1BR$1,700+9.7%$1,530–$1,870
2BR$1,850+4.5%$1,665–$2,035
3BR$2,440+5.6%$2,196–$2,684
4BR$2,970+8.8%$2,673–$3,267

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27040
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,500$1,700$1,850$2,440$2,970
FY 2026$1,430$1,550$1,770$2,310$2,730
FY 2025$1,280$1,350$1,580$2,070$2,440
FY 2024$1,330$1,390$1,650$2,160$2,480
FY 2023$1,160$1,200$1,450$1,910$2,220

Two-bedroom rent in nearby Forsyth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27040
27009$1,620−12.4%
27010$1,380−25.4%
27012$1,450−21.6%
27019$1,010−45.4%
27021$1,170−36.8%
27023$1,410−23.8%
27040Current$1,850—
27045$1,370−25.9%
27050$1,140−38.4%
27051$1,510−18.4%
27052$1,010−45.4%
27094$1,380−25.4%

Questions about ZIP 27040 rents

How much will Section 8 pay for a two-bedroom in ZIP 27040?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,850, that basic range is $1,665 to $2,035 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 27040 in?

ZIP 27040 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 27040 for FY 2027?

The two-bedroom FMR rose 4.5%, from $1,770 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has risen 27.6%.

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

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