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Franklin County/Henderson/27537

27537

ZIPSAFMR
Franklin County, NC
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$1,060$720
1 BR$1,080$760
2 BR$1,220$940
3 BR$1,500$1,200
4 BR$1,980$1,220
5 BR$2,277Not available
6 BR$2,619Not available
7 BR$3,011Not available
8 BR$3,463Not available

Purchase Price Calculator

Maximum purchase price
$77,767

Cost breakdown

+Likely effective rent$940
HUD FMR$1,220
Market rentUsed$940
Est. payment standard (90%)$1,100
-Principal and interest-$393
Loan amount$62,214
Down payment$15,553
Rate6.50%
Term30 years
-Operating costs-$347
Property taxes-$78
Insurance-$175
Utilities$0
HOA$0
Management-$94
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,409(99.1% ROI)
Projected value
$83,747
Return breakdown
Property appreciation+$5,980
Loan principal paid down+$2,229
Rental cash flow+$7,200
5-year hold
+$26,194(168.4% ROI)
Projected value
$87,986
Return breakdown
Property appreciation+$10,219
Loan principal paid down+$3,975
Rental cash flow+$12,000
10-year hold
+$55,253(355.2% ROI)
Projected value
$99,548
Return breakdown
Property appreciation+$21,781
Loan principal paid down+$9,471
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.47
1 BR
1.42
2 BR
1.30
3 BR
1.25
4 BR
1.62
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 27537 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27537 (Henderson, NC) is $1,220 a month. That is down 9.6% from $1,350 in FY 2026. Henderson is in the Raleigh-Cary, NC MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 12 ZIP codes in Franklin County, 27537 is tied for the 3rd-highest two-bedroom rent (county range $1,220–$1,670). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27537 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27537
BedroomsFY 2027Change90–110% range
Studio$1,060−9.4%$954–$1,166
1BR$1,080−9.2%$972–$1,188
2BR$1,220−9.6%$1,098–$1,342
3BR$1,500−9.6%$1,350–$1,650
4BR$1,980−10.0%$1,782–$2,178

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27537
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,060$1,080$1,220$1,500$1,980
FY 2026$1,170$1,190$1,350$1,660$2,200
FY 2025$1,290$1,320$1,490$1,840$2,440
FY 2024$1,100$1,130$1,280$1,560$2,070
FY 2023$940$970$1,110$1,370$1,790

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27537
27508$1,2200.0%
27525$1,2200.0%
27537Current$1,220—
27544$1,2200.0%
27549$1,2200.0%
27557$1,2200.0%
27587$1,670+36.9%
27589$1,2200.0%
27596$1,320+8.2%
27597$1,2200.0%
27816$1,2200.0%
27882$1,2200.0%

Questions about ZIP 27537 rents

How much will Section 8 pay for a two-bedroom in ZIP 27537?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,220, that basic range is $1,098 to $1,342 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 27537 in?

ZIP 27537 is in the Raleigh-Cary, NC MSA. 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 27537 for FY 2027?

The two-bedroom FMR fell 9.6%, from $1,350 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 9.9%.

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