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Harnett County/Holly Springs/27540

27540

ZIPSAFMR
Harnett County, NC
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$1,820$1,390
1 BR$1,890$1,260
2 BR$2,060$1,690
3 BR$2,570$1,910
4 BR$3,450$2,370
5 BR$3,967Not available
6 BR$4,563Not available
7 BR$5,247Not available
8 BR$6,034Not available

Purchase Price Calculator

Maximum purchase price
$189,217

Cost breakdown

+Likely effective rent$1,690
HUD FMR$2,060
Market rentUsed$1,690
Est. payment standard (90%)$1,850
-Principal and interest-$957
Loan amount$151,373
Down payment$37,843
Rate6.50%
Term30 years
-Operating costs-$533
Property taxes-$189
Insurance-$175
Utilities$0
HOA$0
Management-$169
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,172(71.8% ROI)
Projected value
$203,766
Return breakdown
Property appreciation+$14,549
Loan principal paid down+$5,423
Rental cash flow+$7,200
5-year hold
+$46,536(123.0% ROI)
Projected value
$214,081
Return breakdown
Property appreciation+$24,865
Loan principal paid down+$9,671
Rental cash flow+$12,000
10-year hold
+$100,042(264.4% ROI)
Projected value
$242,214
Return breakdown
Property appreciation+$52,997
Loan principal paid down+$23,045
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.31
1 BR
1.50
2 BR
1.22
3 BR
1.35
4 BR
1.46
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 27540 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27540 (Holly Springs, NC) is $2,060 a month. That is down 2.4% from $2,110 in FY 2026. Holly Springs is in the Harnett County, NC non-metropolitan 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 county-wide two-bedroom FMR of $1,051. Among 18 ZIP codes in Harnett County, 27540 has the highest two-bedroom rent (county range $1,010–$2,060). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27540 is 80% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27540
BedroomsFY 2027Change90–110% range
Studio$1,820−1.1%$1,638–$2,002
1BR$1,890−1.6%$1,701–$2,079
2BR$2,060−2.4%$1,854–$2,266
3BR$2,570−3.0%$2,313–$2,827
4BR$3,450−2.5%$3,105–$3,795

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27540
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,820$1,890$2,060$2,570$3,450
FY 2026$1,840$1,920$2,110$2,650$3,540
FY 2025$1,870$1,950$2,160$2,690$3,630
FY 2024$1,780$1,820$2,050$2,540$3,380
FY 2023$1,540$1,590$1,800$2,220$2,930

Two-bedroom rent in nearby Harnett County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27540
27330$1,540−25.2%
27332$1,250−39.3%
27501$1,220−40.8%
27504$1,220−40.8%
27505$1,030−50.0%
27506$1,030−50.0%
27521$1,010−51.0%
27526$1,760−14.6%
27540Current$2,060—
27546$1,030−50.0%
27592$1,220−40.8%
28323$1,010−51.0%

Questions about ZIP 27540 rents

How much will Section 8 pay for a two-bedroom in ZIP 27540?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,051, which applies unless the housing authority uses Small Area FMRs, that basic range is $946 to $1,156 a month; under the ZIP-level Small Area FMR of $2,060 it would be $1,854 to $2,266. 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 27540 in?

ZIP 27540 is in the Harnett County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,051.

How much did fair market rent change in ZIP 27540 for FY 2027?

The two-bedroom FMR fell 2.4%, from $2,110 in FY 2026 to $2,060 in FY 2027. Since FY 2023 it has risen 14.4%.

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