27532

ZIPSAFMR

Wayne County, NC

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$960	$1,030	5.4%
1 BR	$960	$1,010	5.0%
2 BR	$1,260	$1,140	4.9%
3 BR	$1,510	$1,590	3.5%
4 BR	$2,000	$1,810	3.2%
5 BR	$2,300	Not available	3.2%
6 BR	$2,645	Not available	3.2%
7 BR	$3,042	Not available	3.2%
8 BR	$3,498	Not available	3.2%

Purchase Price Calculator

Maximum purchase price

$107,487

Cost breakdown

+Likely effective rent$1,140

HUD FMR$1,260

Market rentUsed$1,140

Est. payment standard (94%)$1,180

-Principal and interest-$544

Loan amount$85,990

Down payment$21,497

Rate6.50%

Term30 years

-Operating costs-$396

Property taxes-$107

Insurance-$175

Utilities$0

HOA$0

Management-$114

=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

+$18,546(86.3% ROI)

Projected value

$115,752

Return breakdown

Property appreciation+$8,265

Loan principal paid down+$3,081

Rental cash flow+$7,200

5-year hold

+$31,619(147.1% ROI)

Projected value

$121,612

Return breakdown

Property appreciation+$14,125

Loan principal paid down+$5,494

Rental cash flow+$12,000

10-year hold

+$67,196(312.6% ROI)

Projected value

$137,592

Return breakdown

Property appreciation+$30,105

Loan principal paid down+$13,091

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.91ratio

FMR$960

Market$1,060

vs market-$100

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

0.91

1 BR

0.92ratio

FMR$960

Market$1,040

vs market-$80

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

0.92

2 BR

1.11ratio

FMR$1,260

Market$1,140

vs market+$120

FMR is above market; underwrite to market rent.

1.11

3 BR

0.93ratio

FMR$1,510

Market$1,630

vs market-$120

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

0.93

4 BR

1.10ratio

FMR$2,000

Market$1,810

vs market+$190

FMR is above market; underwrite to market rent.

1.10

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 27532 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27532 (Goldsboro, NC) is $1,260 a month. That is up 1.6% from $1,240 in FY 2026. Goldsboro is in the Goldsboro, NC MSA. 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 $1,261. Among 16 ZIP codes in Wayne County, 27532 has the 3rd-highest two-bedroom rent (county range $1,120–$1,460). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27532 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27532
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$940	$960	+2.1%	$864–$1,056
1BR	$950	$960	+1.1%	$864–$1,056
2BR	$1,240	$1,260	+1.6%	$1,134–$1,386
3BR	$1,490	$1,510	+1.3%	$1,359–$1,661
4BR	$2,010	$2,000	−0.5%	$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27532
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$960	$960	$1,260	$1,510	$2,000
FY 2026	$940	$950	$1,240	$1,490	$2,010
FY 2025	$890	$900	$1,180	$1,450	$1,910
FY 2024	$820	$830	$1,090	$1,360	$1,820
FY 2023	$690	$700	$920	$1,150	$1,570

Two-bedroom rent in nearby Wayne County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 27532
27524	$1,220	−3.2%
27530	$1,150	−8.7%
27531	$1,330	+5.6%
27532Current	$1,260	—
27533	$1,150	−8.7%
27534	$1,460	+15.9%
27542	$1,220	−3.2%
27569	$1,220	−3.2%
27830	$1,120	−11.1%
27851	$1,120	−11.1%
27863	$1,220	−3.2%
27883	$1,120	−11.1%

Questions about ZIP 27532 rents

How much will Section 8 pay for a two-bedroom in ZIP 27532?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,261, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,135 to $1,387 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. 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 27532 in?

ZIP 27532 is in the Goldsboro, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,261.

How much did fair market rent change in ZIP 27532 for FY 2027?

The two-bedroom FMR rose 1.6%, from $1,240 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 37.0%.

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