Orange County/Efland/27243

27243

ZIPSAFMR

Orange County, NC

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ZIP Investment Score

65Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,280	$1,260	7.9%
1 BR	$1,360	$1,300	9.7%
2 BR	$1,540	$1,550	9.0%
3 BR	$1,910	$1,800	8.1%
4 BR	$2,280	$2,210	7.6%
5 BR	$2,622	Not available	7.6%
6 BR	$3,015	Not available	7.6%
7 BR	$3,468	Not available	7.6%
8 BR	$3,988	Not available	7.6%

Purchase Price Calculator

Maximum purchase price

$168,413

Cost breakdown

+Likely effective rent$1,550

HUD FMR$1,540

Market rent$1,550

Est. payment standard (100%)Used$1,550

-Principal and interest-$852

Loan amount$134,730

Down payment$33,683

Rate6.50%

Term30 years

-Operating costs-$498

Property taxes-$168

Insurance-$175

Utilities$0

HOA$0

Management-$155

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$24,976(74.2% ROI)

Projected value

$181,362

Return breakdown

Property appreciation+$12,949

Loan principal paid down+$4,827

Rental cash flow+$7,200

5-year hold

+$42,739(126.9% ROI)

Projected value

$190,544

Return breakdown

Property appreciation+$22,131

Loan principal paid down+$8,608

Rental cash flow+$12,000

10-year hold

+$91,681(272.2% ROI)

Projected value

$215,583

Return breakdown

Property appreciation+$47,170

Loan principal paid down+$20,511

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.02ratio

FMR$1,280

Market$1,260

vs market+$20

FMR is near market; voucher and private rents are aligned.

1.02

1 BR

1.05ratio

FMR$1,360

Market$1,300

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.05

2 BR

0.99ratio

FMR$1,540

Market$1,550

vs market-$10

FMR is near market; voucher and private rents are aligned.

0.99

3 BR

1.06ratio

FMR$1,910

Market$1,800

vs market+$110

FMR is near market; voucher and private rents are aligned.

1.06

4 BR

1.03ratio

FMR$2,280

Market$2,210

vs market+$70

FMR is near market; voucher and private rents are aligned.

1.03

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 27243 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27243 (Efland, NC) is $1,540 a month. That is down 8.9% from $1,690 in FY 2026. Efland is in the Durham-Chapel Hill, NC HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,745. Among 18 ZIP codes in Orange County, 27243 is tied for the 11th-highest two-bedroom rent (county range $1,540–$2,010). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27243 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27243
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,400	$1,280	−8.6%	$1,152–$1,408
1BR	$1,480	$1,360	−8.1%	$1,224–$1,496
2BR	$1,690	$1,540	−8.9%	$1,386–$1,694
3BR	$2,110	$1,910	−9.5%	$1,719–$2,101
4BR	$2,530	$2,280	−9.9%	$2,052–$2,508

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27243
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,280	$1,360	$1,540	$1,910	$2,280
FY 2026	$1,400	$1,480	$1,690	$2,110	$2,530
FY 2025	$1,250	$1,280	$1,470	$1,850	$2,260
FY 2024	$1,020	$1,030	$1,190	$1,510	$1,830
FY 2023	$930	$930	$1,080	$1,400	$1,640

Two-bedroom rent in nearby Orange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 27243
27231	$1,540	0.0%
27243Current	$1,540	—
27278	$1,620	+5.2%
27302	$1,540	0.0%
27312	$1,540	0.0%
27314	$1,540	0.0%
27510	$1,820	+18.2%
27514	$1,980	+28.6%
27515	$1,760	+14.3%
27516	$1,750	+13.6%
27517	$1,890	+22.7%
27541	$1,540	0.0%

Questions about ZIP 27243 rents

How much will Section 8 pay for a two-bedroom in ZIP 27243?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,745, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,571 to $1,920 a month; under the ZIP-level Small Area FMR of $1,540 it would be $1,386 to $1,694. 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 27243 in?

ZIP 27243 is in the Durham-Chapel Hill, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,745.

How much did fair market rent change in ZIP 27243 for FY 2027?

The two-bedroom FMR fell 8.9%, from $1,690 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 42.6%.

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 rent Efland, NC fair market rent NC statewide rents What is SAFMR?Data sources