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Union County/Indian Trail/28079

28079

ZIPSAFMR
Union County, NC
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$2,080$1,670
1 BR$2,170$1,730
2 BR$2,360$1,830
3 BR$2,880$1,970
4 BR$3,670$2,170
5 BR$4,221Not available
6 BR$4,854Not available
7 BR$5,582Not available
8 BR$6,419Not available

Purchase Price Calculator

Maximum purchase price
$210,021

Cost breakdown

+Likely effective rent$1,830
HUD FMR$2,360
Market rentUsed$1,830
Est. payment standard (90%)$2,120
-Principal and interest-$1,062
Loan amount$168,017
Down payment$42,004
Rate6.50%
Term30 years
-Operating costs-$568
Property taxes-$210
Insurance-$175
Utilities$0
HOA$0
Management-$183
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,368(69.9% ROI)
Projected value
$226,169
Return breakdown
Property appreciation+$16,149
Loan principal paid down+$6,020
Rental cash flow+$7,200
5-year hold
+$50,333(119.8% ROI)
Projected value
$237,619
Return breakdown
Property appreciation+$27,598
Loan principal paid down+$10,735
Rental cash flow+$12,000
10-year hold
+$108,402(258.1% ROI)
Projected value
$268,844
Return breakdown
Property appreciation+$58,824
Loan principal paid down+$25,579
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.25
1 BR
1.25
2 BR
1.29
3 BR
1.46
4 BR
1.69
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28079 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28079 (Indian Trail, NC) is $2,360 a month. That is up 6.3% from $2,220 in FY 2026. Indian Trail 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 14 ZIP codes in Union County, 28079 has the highest two-bedroom rent (county range $1,250–$2,360). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28079 is 106% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28079
BedroomsFY 2027Change90–110% range
Studio$2,080+7.8%$1,872–$2,288
1BR$2,170+6.9%$1,953–$2,387
2BR$2,360+6.3%$2,124–$2,596
3BR$2,880+5.5%$2,592–$3,168
4BR$3,670+5.8%$3,303–$4,037

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28079
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,080$2,170$2,360$2,880$3,670
FY 2026$1,930$2,030$2,220$2,730$3,470
FY 2025$2,090$2,170$2,400$2,960$3,750
FY 2024$1,790$1,840$2,070$2,580$3,300
FY 2023$1,520$1,560$1,760$2,230$2,880

Two-bedroom rent in nearby Union County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28079
28079Current$2,360—
28103$1,300−44.9%
28104$2,150−8.9%
28105$1,970−16.5%
28107$1,440−39.0%
28108$1,970−16.5%
28110$1,620−31.4%
28111$1,760−25.4%
28112$1,360−42.4%
28133$1,250−47.0%
28135$1,320−44.1%
28173$2,110−10.6%

Questions about ZIP 28079 rents

How much will Section 8 pay for a two-bedroom in ZIP 28079?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,360, that basic range is $2,124 to $2,596 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 28079 in?

ZIP 28079 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 28079 for FY 2027?

The two-bedroom FMR rose 6.3%, from $2,220 in FY 2026 to $2,360 in FY 2027. Since FY 2023 it has risen 34.1%.

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