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Nash County/Nashville/27856

27856

ZIPSAFMR
Nash County, NC
Zillow

ZIP Investment Score

114Above average

095130300
BRFMR
Eff. Rent
0 BR$950$1,050
1 BR$960$1,060
2 BR$1,150$1,270
3 BR$1,540$1,550
4 BR$1,760$1,800
5 BR$2,024Not available
6 BR$2,328Not available
7 BR$2,677Not available
8 BR$3,078Not available

Purchase Price Calculator

Maximum purchase price
$126,805

Cost breakdown

+Likely effective rent$1,270
HUD FMR$1,150
Market rent$1,420
Est. payment standard (110%)Used$1,270
-Principal and interest-$641
Loan amount$101,444
Down payment$25,361
Rate6.50%
Term30 years
-Operating costs-$429
Property taxes-$127
Insurance-$175
Utilities$0
HOA$0
Management-$127
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,585(81.2% ROI)
Projected value
$136,555
Return breakdown
Property appreciation+$9,750
Loan principal paid down+$3,634
Rental cash flow+$7,200
5-year hold
+$35,144(138.6% ROI)
Projected value
$143,468
Return breakdown
Property appreciation+$16,663
Loan principal paid down+$6,481
Rental cash flow+$12,000
10-year hold
+$74,960(295.6% ROI)
Projected value
$162,321
Return breakdown
Property appreciation+$35,516
Loan principal paid down+$15,444
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.73
1 BR
0.80
2 BR
0.81
3 BR
0.99
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 27856 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27856 (Nashville, NC) is $1,150 a month. That is up 0.9% from $1,140 in FY 2026. Nashville is in the Rocky Mount, 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 $1,167. Among 15 ZIP codes in Nash County, 27856 has the 10th-highest two-bedroom rent (county range $1,030–$1,330).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27856
BedroomsFY 2027Change90–110% range
Studio$950+4.4%$855–$1,045
1BR$960+4.3%$864–$1,056
2BR$1,150+0.9%$1,035–$1,265
3BR$1,540−0.6%$1,386–$1,694
4BR$1,760−2.8%$1,584–$1,936

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27856
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$960$1,150$1,540$1,760
FY 2026$910$920$1,140$1,550$1,810
FY 2025$870$870$1,090$1,490$1,720
FY 2024$850$860$1,070$1,440$1,630
FY 2023$740$750$930$1,260$1,380

Two-bedroom rent in nearby Nash County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27856
27804$1,260+9.6%
27807$1,130−1.7%
27809$1,030−10.4%
27816$1,220+6.1%
27822$1,030−10.4%
27856Current$1,150—
27868$1,200+4.3%
27878$1,140−0.9%
27880$1,090−5.2%
27882$1,220+6.1%
27891$1,330+15.7%
27896$1,210+5.2%

Questions about ZIP 27856 rents

How much will Section 8 pay for a two-bedroom in ZIP 27856?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,167, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,050 to $1,284 a month; under the ZIP-level Small Area FMR of $1,150 it would be $1,035 to $1,265. 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 27856 in?

ZIP 27856 is in the Rocky Mount, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,167.

How much did fair market rent change in ZIP 27856 for FY 2027?

The two-bedroom FMR rose 0.9%, from $1,140 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has risen 23.7%.

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