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Guilford County/Greensboro/27408

27408

ZIPSAFMR
Guilford County, NC
Zillow

ZIP Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$1,160$1,280
1 BR$1,210$1,310
2 BR$1,320$1,450
3 BR$1,710$1,830
4 BR$2,010$2,210
5 BR$2,312Not available
6 BR$2,658Not available
7 BR$3,057Not available
8 BR$3,516Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMR$1,320
Market rent$1,530
Est. payment standard (110%)Used$1,450
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.73
1 BR
0.89
2 BR
0.86
3 BR
0.90
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 27408 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27408 (Greensboro, NC) is $1,320 a month. That is down 5.7% from $1,400 in FY 2026. Greensboro is in the Greensboro-High Point, NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 52 ZIP codes in Guilford County, 27408 has the 16th-highest two-bedroom rent (county range $1,010–$1,910). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27408 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27408
BedroomsFY 2027Change90–110% range
Studio$1,160−4.9%$1,044–$1,276
1BR$1,210−5.5%$1,089–$1,331
2BR$1,320−5.7%$1,188–$1,452
3BR$1,710−4.5%$1,539–$1,881
4BR$2,010−2.4%$1,809–$2,211

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27408
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,210$1,320$1,710$2,010
FY 2026$1,220$1,280$1,400$1,790$2,060
FY 2025$1,060$1,100$1,220$1,550$1,750
FY 2024$1,080$1,110$1,250$1,600$1,790
FY 2023$950$970$1,100$1,420$1,590

Two-bedroom rent in nearby Guilford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27408
27402$1,310−0.8%
27403$1,190−9.8%
27404$1,310−0.8%
27405$1,210−8.3%
27406$1,310−0.8%
27407$1,380+4.5%
27408Current$1,320—
27409$1,390+5.3%
27410$1,700+28.8%
27411$1,160−12.1%
27412$1,190−9.8%
27413$1,310−0.8%

Questions about ZIP 27408 rents

How much will Section 8 pay for a two-bedroom in ZIP 27408?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,320, that basic range is $1,188 to $1,452 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 27408 in?

ZIP 27408 is in the Greensboro-High Point, 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 27408 for FY 2027?

The two-bedroom FMR fell 5.7%, from $1,400 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 20.0%.

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