27615
ZIPSAFMR
Wake County, NC
BRFMR
Eff. Rent
0 BR$1,720$1,180
1 BR$1,800$1,220
2 BR$1,970$1,760
3 BR$2,470$2,120
4 BR$3,300$3,320
5 BR$3,795
6 BR$4,364
7 BR$5,019
8 BR$5,772

Purchase Price Calculator

Maximum purchase price
$199,619

Cost breakdown

+Likely effective rent$1,760
HUD FMR$1,970
Market rentUsed$1,760
Est. payment standard (93%)$1,830
Market rent is below the inferred standard ($1,830, 93% of FMR).
-Principal and interest-$1,009
Loan amount$159,695
Down payment$39,924
Rate6.50%
Term30 years
-Operating costs-$551
Property taxes-$200
Insurance-$175
Utilities$0
HOA$0
Management-$176
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,270(70.8% ROI)
Projected value
$214,968
Current value$199,619
Return breakdown
Property appreciation+$15,349
Loan principal paid down+$5,721
Rental cash flow+$7,200
5-year hold
+$48,434(121.3% ROI)
Projected value
$225,850
Current value$199,619
Return breakdown
Property appreciation+$26,232
Loan principal paid down+$10,203
Rental cash flow+$12,000
10-year hold
+$104,222(261.1% ROI)
Projected value
$255,529
Current value$199,619
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.46ratio
FMR$1,720
Market$1,180
vs market+$540

FMR is above market; underwrite to market rent.

90% standard$1,548 / 1.31 ratio110% standard$1,892 / 1.60 ratio
1.46
1 BR
1 BR
1.48ratio
FMR$1,800
Market$1,220
vs market+$580

FMR is above market; underwrite to market rent.

90% standard$1,620 / 1.33 ratio110% standard$1,980 / 1.62 ratio
1.48
2 BR
2 BR
1.12ratio
FMR$1,970
Market$1,760
vs market+$210

FMR is above market; underwrite to market rent.

90% standard$1,773 / 1.01 ratio110% standard$2,167 / 1.23 ratio
1.12
3 BR
3 BR
1.17ratio
FMR$2,470
Market$2,120
vs market+$350

FMR is above market; underwrite to market rent.

90% standard$2,223 / 1.05 ratio110% standard$2,717 / 1.28 ratio
1.17
4 BR
4 BR
0.99ratio
FMR$3,300
Market$3,330
vs market-$30

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

90% standard$2,970 / 0.89 ratio110% standard$3,630 / 1.09 ratio
0.99
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 27615 (NC) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

27615 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 27615 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,970 and the 4 bedroom fair market rent is $3,300.

Use this page for searches like 27615 FMR, 27615 fair market rent, and 27615 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 27615
Bedroom sizeHUD FMR
Studio$1,720
1 bedroom$1,800
2 bedroom$1,970
3 bedroom$2,470
4 bedroom$3,300