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Currituck County/Point Harbor/27964

27964

ZIPSAFMR
Currituck County, NC
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$1,270$1,270
1 BR$1,380$1,380
2 BR$1,530$1,530
3 BR$2,050$2,050
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
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMRUsed$1,530
Market rentN/A
Est. payment standardN/A
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
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 27964 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 27964 (Point Harbor, NC) is $1,530 a month. That is down 10.0% from $1,700 in FY 2026. Point Harbor 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, 27964 has the 7th-highest two-bedroom rent (county range $1,340–$1,780). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 27964 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 27964
BedroomsFY 2027Change90–110% range
Studio$1,270−9.9%$1,143–$1,397
1BR$1,380−9.8%$1,242–$1,518
2BR$1,530−10.0%$1,377–$1,683
3BR$2,050−9.7%$1,845–$2,255
4BR$2,290−9.1%$2,061–$2,519

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 27964
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,270$1,380$1,530$2,050$2,290
FY 2026$1,410$1,530$1,700$2,270$2,520
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. 27964
27927$1,610+5.2%
27929$1,640+7.2%
27939$1,340−12.4%
27941$1,660+8.5%
27947$1,430−6.5%
27950$1,600+4.6%
27956$1,410−7.8%
27958$1,780+16.3%
27964Current$1,530—
27965$1,410−7.8%
27966$1,680+9.8%
27973$1,470−3.9%

Questions about ZIP 27964 rents

How much will Section 8 pay for a two-bedroom in ZIP 27964?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,530, that basic range is $1,377 to $1,683 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 27964 in?

ZIP 27964 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 27964 for FY 2027?

The two-bedroom FMR fell 10.0%, from $1,700 in FY 2026 to $1,530 in FY 2027. Since FY 2023 it has risen 23.4%.

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