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Gaston County/Belmont/28012

28012

ZIPSAFMR
Gaston County, NC
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,440
1 BR$1,470$1,430
2 BR$1,600$1,670
3 BR$1,950$2,050
4 BR$2,490$2,550
5 BR$2,864Not available
6 BR$3,293Not available
7 BR$3,787Not available
8 BR$4,355Not available

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMR$1,600
Market rent$1,710
Est. payment standard (104%)Used$1,670
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.97
1 BR
1.03
2 BR
0.94
3 BR
0.92
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 28012 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28012 (Belmont, NC) is $1,600 a month. That is up 8.1% from $1,480 in FY 2026. Belmont is in the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 20 ZIP codes in Gaston County, 28012 has the 2nd-highest two-bedroom rent (county range $1,050–$1,610). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28012 is 40% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28012
BedroomsFY 2027Change90–110% range
Studio$1,410+9.3%$1,269–$1,551
1BR$1,470+8.9%$1,323–$1,617
2BR$1,600+8.1%$1,440–$1,760
3BR$1,950+7.1%$1,755–$2,145
4BR$2,490+7.8%$2,241–$2,739

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28012
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,470$1,600$1,950$2,490
FY 2026$1,290$1,350$1,480$1,820$2,310
FY 2025$1,390$1,450$1,600$1,970$2,500
FY 2024$1,180$1,210$1,360$1,690$2,170
FY 2023$1,010$1,040$1,170$1,480$1,920

Two-bedroom rent in nearby Gaston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28012
28006$1,310−18.1%
28012Current$1,600—
28016$1,070−33.1%
28021$1,120−30.0%
28032$1,290−19.4%
28033$1,060−33.7%
28034$1,070−33.1%
28052$1,300−18.7%
28053$1,350−15.6%
28054$1,520−5.0%
28055$1,350−15.6%
28056$1,390−13.1%

Questions about ZIP 28012 rents

How much will Section 8 pay for a two-bedroom in ZIP 28012?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,600, that basic range is $1,440 to $1,760 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 28012 in?

ZIP 28012 is in the Charlotte-Concord-Gastonia, NC-SC 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 28012 for FY 2027?

The two-bedroom FMR rose 8.1%, from $1,480 in FY 2026 to $1,600 in FY 2027. Since FY 2023 it has risen 36.8%.

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