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Dare County/Nags Head/27959

27959

ZIPSAFMR
Dare County, NC
Zillow

ZIP Investment Score

38Below average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,110
1 BR$1,180$1,300
2 BR$1,290$1,420
3 BR$1,640$1,800
4 BR$1,710$1,880
5 BR$1,966Not available
6 BR$2,261Not available
7 BR$2,601Not available
8 BR$2,991Not available

Purchase Price Calculator

Maximum purchase price
$149,095

Cost breakdown

+Likely effective rent$1,420
HUD FMR$1,290
Market rent$2,380
Est. payment standard (110%)Used$1,420
-Principal and interest-$754
Loan amount$119,276
Down payment$29,819
Rate6.50%
Term30 years
-Operating costs-$466
Property taxes-$149
Insurance-$175
Utilities$0
HOA$0
Management-$142
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,937(76.9% ROI)
Projected value
$160,559
Return breakdown
Property appreciation+$11,464
Loan principal paid down+$4,273
Rental cash flow+$7,200
5-year hold
+$39,213(131.5% ROI)
Projected value
$168,687
Return breakdown
Property appreciation+$19,592
Loan principal paid down+$7,621
Rental cash flow+$12,000
10-year hold
+$83,918(281.4% ROI)
Projected value
$190,854
Return breakdown
Property appreciation+$41,759
Loan principal paid down+$18,158
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.54
1 BR
0.62
2 BR
0.54
3 BR
0.61
4 BR
0.66
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 27959 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27959 (Nags Head, NC) is $1,290 a month. That is up 1.6% from $1,270 in FY 2026. Nags Head is in the Dare 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 $1,510. Among 14 ZIP codes in Dare County, 27959 has the 14th-highest two-bedroom rent (county range $1,290–$1,780). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27959 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27959
BedroomsFY 2027Change90–110% range
Studio$1,010+2.0%$909–$1,111
1BR$1,180+2.6%$1,062–$1,298
2BR$1,290+1.6%$1,161–$1,419
3BR$1,640−3.0%$1,476–$1,804
4BR$1,710−1.2%$1,539–$1,881

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27959
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,180$1,290$1,640$1,710
FY 2026$990$1,150$1,270$1,690$1,730
FY 2025$990$1,150$1,280$1,700$1,740
FY 2024area FMR$1,000$1,137$1,280$1,736$1,800
FY 2023area FMR$915$982$1,151$1,571$1,726

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Dare County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 27959
27936$1,660+28.7%
27943$1,660+28.7%
27948$1,780+38.0%
27949$1,540+19.4%
27953$1,390+7.8%
27954$1,480+14.7%
27959Current$1,290—
27968$1,510+17.1%
27972$1,510+17.1%
27978$1,390+7.8%
27981$1,480+14.7%
27982$1,510+17.1%

Questions about ZIP 27959 rents

How much will Section 8 pay for a two-bedroom in ZIP 27959?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,510, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,359 to $1,661 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 27959 in?

ZIP 27959 is in the Dare County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,510.

How much did fair market rent change in ZIP 27959 for FY 2027?

The two-bedroom FMR rose 1.6%, from $1,270 in FY 2026 to $1,290 in FY 2027. Since FY 2025 it has risen 0.8%.

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