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Forsyth County/Winston Salem/27103

27103

ZIPSAFMR
Forsyth County, NC
Zillow

ZIP Investment Score

92Below average

095130300
BRFMR
Eff. Rent
0 BR$1,260$1,390
1 BR$1,420$1,390
2 BR$1,550$1,480
3 BR$2,040$1,750
4 BR$2,480$2,120
5 BR$2,852Not available
6 BR$3,280Not available
7 BR$3,772Not available
8 BR$4,338Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMR$1,550
Market rentUsed$1,480
Est. payment standard (97%)$1,500
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.85
1 BR
1.02
2 BR
1.05
3 BR
1.17
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 27103 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27103 (Winston Salem, NC) is $1,550 a month. That is up 12.3% from $1,380 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, 27103 has the 5th-highest two-bedroom rent (county range $1,010–$1,910). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27103 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27103
BedroomsFY 2027Change90–110% range
Studio$1,260+13.5%$1,134–$1,386
1BR$1,420+17.4%$1,278–$1,562
2BR$1,550+12.3%$1,395–$1,705
3BR$2,040+13.3%$1,836–$2,244
4BR$2,480+16.4%$2,232–$2,728

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27103
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,420$1,550$2,040$2,480
FY 2026$1,110$1,210$1,380$1,800$2,130
FY 2025$1,020$1,080$1,260$1,650$1,940
FY 2024$950$1,000$1,180$1,540$1,780
FY 2023$840$870$1,050$1,390$1,610

Two-bedroom rent in nearby Forsyth County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27103
27099$1,380−11.0%
27101$1,370−11.6%
27102$1,380−11.0%
27103Current$1,550—
27104$1,590+2.6%
27105$1,220−21.3%
27106$1,500−3.2%
27107$1,160−25.2%
27108$1,380−11.0%
27109$1,500−3.2%
27110$1,260−18.7%
27111$1,380−11.0%

Questions about ZIP 27103 rents

How much will Section 8 pay for a two-bedroom in ZIP 27103?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,550, that basic range is $1,395 to $1,705 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 27103 in?

ZIP 27103 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 27103 for FY 2027?

The two-bedroom FMR rose 12.3%, from $1,380 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 47.6%.

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