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Mecklenburg County/Charlotte/28201

28201

ZIPFMR
Mecklenburg County, NC
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,574$1,450
1 BR$1,640$1,800
2 BR$1,785$1,960
3 BR$2,179$1,790
4 BR$2,773$1,920
5 BR$3,189Not available
6 BR$3,667Not available
7 BR$4,217Not available
8 BR$4,850Not available

Purchase Price Calculator

Maximum purchase price
$229,339

Cost breakdown

+Likely effective rent$1,960
HUD FMR$1,785
Market rent$2,180
Est. payment standard (110%)Used$1,960
-Principal and interest-$1,160
Loan amount$183,471
Down payment$45,868
Rate6.50%
Term30 years
-Operating costs-$600
Property taxes-$229
Insurance-$175
Utilities$0
HOA$0
Management-$196
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,407(68.5% ROI)
Projected value
$246,973
Return breakdown
Property appreciation+$17,634
Loan principal paid down+$6,573
Rental cash flow+$7,200
5-year hold
+$53,859(117.4% ROI)
Projected value
$259,476
Return breakdown
Property appreciation+$30,137
Loan principal paid down+$11,722
Rental cash flow+$12,000
10-year hold
+$116,166(253.3% ROI)
Projected value
$293,573
Return breakdown
Property appreciation+$64,234
Loan principal paid down+$27,931
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.09
1 BR
0.82
2 BR
0.82
3 BR
1.22
4 BR
1.44
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 28201 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 28201 (Charlotte, NC) is $1,785 a month. That is up 5.9% from $1,686 in FY 2026. Charlotte 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. The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28201 is 56% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28201
BedroomsFY 2027Change90–110% range
Studio$1,574+7.1%$1,417–$1,731
1BR$1,640+6.6%$1,476–$1,804
2BR$1,785+5.9%$1,607–$1,964
3BR$2,179+5.0%$1,961–$2,397
4BR$2,773+5.2%$2,496–$3,050

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28201
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,574$1,640$1,785$2,179$2,773
FY 2026$1,469$1,538$1,686$2,076$2,637
FY 2025$1,586$1,647$1,824$2,250$2,852
FY 2024$1,347$1,384$1,554$1,936$2,481
FY 2023$1,154$1,180$1,333$1,691$2,183

Questions about ZIP 28201 rents

How much will Section 8 pay for a two-bedroom in ZIP 28201?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,785, that basic range is $1,607 to $1,964 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 28201 in?

ZIP 28201 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 28201 for FY 2027?

The two-bedroom FMR rose 5.9%, from $1,686 in FY 2026 to $1,785 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 Fair Market Rents. 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 rentCharlotte, NC fair market rentNC statewide rentsWhat is SAFMR?Data sources