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Currituck County/Aydlett/27916

27916

ZIPSAFMR
Currituck County, NC
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$1,240$1,240
1 BR$1,260$1,260
2 BR$1,410$1,410
3 BR$1,940$1,940
4 BR$2,290$2,290
5 BR$2,634Not available
6 BR$3,029Not available
7 BR$3,483Not available
8 BR$4,005Not available

Purchase Price Calculator

Maximum purchase price
$147,609

Cost breakdown

+Likely effective rent$1,410
HUD FMRUsed$1,410
Market rentN/A
Est. payment standardN/A
-Principal and interest-$746
Loan amount$118,087
Down payment$29,522
Rate6.50%
Term30 years
-Operating costs-$464
Property taxes-$148
Insurance-$175
Utilities$0
HOA$0
Management-$141
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,781(77.2% ROI)
Projected value
$158,959
Return breakdown
Property appreciation+$11,350
Loan principal paid down+$4,231
Rental cash flow+$7,200
5-year hold
+$38,942(131.9% ROI)
Projected value
$167,006
Return breakdown
Property appreciation+$19,397
Loan principal paid down+$7,545
Rental cash flow+$12,000
10-year hold
+$83,320(282.2% ROI)
Projected value
$188,952
Return breakdown
Property appreciation+$41,343
Loan principal paid down+$17,977
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 27916 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27916 (Aydlett, NC) is $1,410 a month. That is down 6.6% from $1,510 in FY 2026. Aydlett is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 15 ZIP codes in Currituck County, 27916 is tied for the 10th-highest two-bedroom rent (county range $1,340–$1,780). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27916 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27916
BedroomsFY 2027Change90–110% range
Studio$1,240−6.1%$1,116–$1,364
1BR$1,260−5.3%$1,134–$1,386
2BR$1,410−6.6%$1,269–$1,551
3BR$1,940−7.2%$1,746–$2,134
4BR$2,290−7.3%$2,061–$2,519

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27916
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,240$1,260$1,410$1,940$2,290
FY 2026$1,320$1,330$1,510$2,090$2,470
FY 2025$1,340$1,350$1,540$2,140$2,550
FY 2024$1,290$1,300$1,510$2,100$2,560
FY 2023$1,130$1,150$1,350$1,890$2,300

Two-bedroom rent in nearby Currituck County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27916
27916Current$1,410—
27917$1,4100.0%
27923$1,4100.0%
27927$1,610+14.2%
27929$1,640+16.3%
27939$1,340−5.0%
27941$1,660+17.7%
27947$1,430+1.4%
27950$1,600+13.5%
27956$1,4100.0%
27958$1,780+26.2%
27964$1,530+8.5%

Questions about ZIP 27916 rents

How much will Section 8 pay for a two-bedroom in ZIP 27916?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 27916 in?

ZIP 27916 is in the Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Area. 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 27916 for FY 2027?

The two-bedroom FMR fell 6.6%, from $1,510 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 4.4%.

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