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Currituck County/Harbinger/27941

27941

ZIPSAFMR
Currituck County, NC
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$1,430$1,430
1 BR$1,480$1,480
2 BR$1,660$1,660
3 BR$2,260$2,260
4 BR$2,610$2,610
5 BR$3,001Not available
6 BR$3,452Not available
7 BR$3,969Not available
8 BR$4,565Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMRUsed$1,660
Market rentN/A
Est. payment standardN/A
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
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 27941 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27941 (Harbinger, NC) is $1,660 a month. That is down 6.2% from $1,770 in FY 2026. Harbinger 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, 27941 has the 3rd-highest two-bedroom rent (county range $1,340–$1,780). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27941 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27941
BedroomsFY 2027Change90–110% range
Studio$1,430−5.3%$1,287–$1,573
1BR$1,480−5.7%$1,332–$1,628
2BR$1,660−6.2%$1,494–$1,826
3BR$2,260−6.6%$2,034–$2,486
4BR$2,610−6.8%$2,349–$2,871

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27941
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,430$1,480$1,660$2,260$2,610
FY 2026$1,510$1,570$1,770$2,420$2,800
FY 2025$1,340$1,350$1,540$2,140$2,550
FY 2024$1,180$1,190$1,380$1,920$2,340
FY 2023$1,040$1,060$1,240$1,730$2,110

Two-bedroom rent in nearby Currituck County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27941
27917$1,410−15.1%
27923$1,410−15.1%
27927$1,610−3.0%
27929$1,640−1.2%
27939$1,340−19.3%
27941Current$1,660—
27947$1,430−13.9%
27950$1,600−3.6%
27956$1,410−15.1%
27958$1,780+7.2%
27964$1,530−7.8%
27965$1,410−15.1%

Questions about ZIP 27941 rents

How much will Section 8 pay for a two-bedroom in ZIP 27941?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,660, that basic range is $1,494 to $1,826 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 27941 in?

ZIP 27941 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 27941 for FY 2027?

The two-bedroom FMR fell 6.2%, from $1,770 in FY 2026 to $1,660 in FY 2027. Since FY 2023 it has risen 33.9%.

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