Skip to main content
Loading page
Forsyth County/Winston Salem/27101

27101

ZIPSAFMR
Forsyth County, NC
Zillow

ZIP Investment Score

105Above average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,040
1 BR$1,260$980
2 BR$1,370$1,110
3 BR$1,800$1,510
4 BR$2,200$1,720
5 BR$2,530Not available
6 BR$2,909Not available
7 BR$3,346Not available
8 BR$3,848Not available

Purchase Price Calculator

Maximum purchase price
$103,029

Cost breakdown

+Likely effective rent$1,110
HUD FMR$1,370
Market rentUsed$1,110
Est. payment standard (90%)$1,230
-Principal and interest-$521
Loan amount$82,423
Down payment$20,606
Rate6.50%
Term30 years
-Operating costs-$389
Property taxes-$103
Insurance-$175
Utilities$0
HOA$0
Management-$111
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,075(87.7% ROI)
Projected value
$110,951
Return breakdown
Property appreciation+$7,922
Loan principal paid down+$2,953
Rental cash flow+$7,200
5-year hold
+$30,805(149.5% ROI)
Projected value
$116,568
Return breakdown
Property appreciation+$13,539
Loan principal paid down+$5,266
Rental cash flow+$12,000
10-year hold
+$65,405(317.4% ROI)
Projected value
$131,886
Return breakdown
Property appreciation+$28,857
Loan principal paid down+$12,548
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.07
1 BR
1.29
2 BR
1.23
3 BR
1.19
4 BR
1.28
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 27101 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27101 (Winston Salem, NC) is $1,370 a month. That is up 11.4% from $1,230 in FY 2026. Winston Salem 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, 27101 is tied for the 33rd-highest two-bedroom rent (county range $1,010–$1,910). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27101 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27101
BedroomsFY 2027Change90–110% range
Studio$1,110+12.1%$999–$1,221
1BR$1,260+16.7%$1,134–$1,386
2BR$1,370+11.4%$1,233–$1,507
3BR$1,800+12.5%$1,620–$1,980
4BR$2,200+15.8%$1,980–$2,420

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27101
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,260$1,370$1,800$2,200
FY 2026$990$1,080$1,230$1,600$1,900
FY 2025$920$960$1,130$1,480$1,740
FY 2024$850$890$1,050$1,370$1,580
FY 2023$730$760$920$1,220$1,410

Two-bedroom rent in nearby Forsyth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27101
27094$1,380+0.7%
27099$1,380+0.7%
27101Current$1,370—
27102$1,380+0.7%
27103$1,550+13.1%
27104$1,590+16.1%
27105$1,220−10.9%
27106$1,500+9.5%
27107$1,160−15.3%
27108$1,380+0.7%
27109$1,500+9.5%
27110$1,260−8.0%

Questions about ZIP 27101 rents

How much will Section 8 pay for a two-bedroom in ZIP 27101?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,370, that basic range is $1,233 to $1,507 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 27101 in?

ZIP 27101 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 27101 for FY 2027?

The two-bedroom FMR rose 11.4%, from $1,230 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 48.9%.

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 rentWinston Salem, NC fair market rentNC statewide rentsWhat is SAFMR?Data sources