Harnett County/Willow Spring/27592

27592

ZIPSAFMR

Harnett County, NC

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ZIP Investment Score

68Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,060	$1,170	-1.2%
1 BR	$1,080	$1,190	-1.5%
2 BR	$1,220	$1,340	-1.6%
3 BR	$1,500	$1,650	-1.3%
4 BR	$1,980	$2,060	-1.5%
5 BR	$2,277	Not available	-1.5%
6 BR	$2,619	Not available	-1.5%
7 BR	$3,011	Not available	-1.5%
8 BR	$3,463	Not available	-1.5%

Purchase Price Calculator

Maximum purchase price

$137,207

Cost breakdown

+Likely effective rent$1,340

HUD FMR$1,220

Market rent$1,650

Est. payment standard (110%)Used$1,340

-Principal and interest-$694

Loan amount$109,766

Down payment$27,441

Rate6.50%

Term30 years

-Operating costs-$446

Property taxes-$137

Insurance-$175

Utilities$0

HOA$0

Management-$134

=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

+$21,683(79.0% ROI)

Projected value

$147,757

Return breakdown

Property appreciation+$10,550

Loan principal paid down+$3,933

Rental cash flow+$7,200

5-year hold

+$37,043(135.0% ROI)

Projected value

$155,237

Return breakdown

Property appreciation+$18,030

Loan principal paid down+$7,013

Rental cash flow+$12,000

10-year hold

+$79,140(288.4% ROI)

Projected value

$175,637

Return breakdown

Property appreciation+$38,430

Loan principal paid down+$16,711

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.69ratio

FMR$1,060

Market$1,530

vs market-$470

FMR is below market; voucher rent may lag private rents.

0.69

1 BR

0.78ratio

FMR$1,080

Market$1,380

vs market-$300

FMR is below market; voucher rent may lag private rents.

0.78

2 BR

0.74ratio

FMR$1,220

Market$1,650

vs market-$430

FMR is below market; voucher rent may lag private rents.

0.74

3 BR

0.80ratio

FMR$1,500

Market$1,870

vs market-$370

FMR is below market; voucher rent may lag private rents.

0.80

4 BR

0.94ratio

FMR$1,980

Market$2,110

vs market-$130

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

0.94

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 27592 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27592 (Willow Spring, NC) is $1,220 a month. That is down 9.6% from $1,350 in FY 2026. Willow Spring 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, 27592 is tied for the 8th-highest two-bedroom rent (county range $1,010–$2,060). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27592 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27592
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,170	$1,060	−9.4%	$954–$1,166
1BR	$1,190	$1,080	−9.2%	$972–$1,188
2BR	$1,350	$1,220	−9.6%	$1,098–$1,342
3BR	$1,660	$1,500	−9.6%	$1,350–$1,650
4BR	$2,200	$1,980	−10.0%	$1,782–$2,178

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27592
Fiscal year	Studio	1BR	2BR	3BR	4BR
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 Harnett County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 27592
27330	$1,540	+26.2%
27332	$1,250	+2.5%
27501	$1,220	0.0%
27504	$1,220	0.0%
27505	$1,030	−15.6%
27506	$1,030	−15.6%
27521	$1,010	−17.2%
27526	$1,760	+44.3%
27540	$2,060	+68.9%
27546	$1,030	−15.6%
27592Current	$1,220	—
28323	$1,010	−17.2%

Questions about ZIP 27592 rents

How much will Section 8 pay for a two-bedroom in ZIP 27592?

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 $1,220 it would be $1,098 to $1,342. 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 27592 in?

ZIP 27592 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 27592 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 rent Willow Spring, NC fair market rent NC statewide rents What is SAFMR?Data sources