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Cumberland County/Fayetteville/28303

28303

ZIPSAFMR
Cumberland County, NC
Zillow

ZIP Investment Score

127Above average

095130300
BRFMR
Eff. Rent
0 BR$1,300$910
1 BR$1,330$910
2 BR$1,470$1,080
3 BR$1,930$1,460
4 BR$2,370$1,700
5 BR$2,726Not available
6 BR$3,134Not available
7 BR$3,604Not available
8 BR$4,145Not available

Purchase Price Calculator

Maximum purchase price
$98,571

Cost breakdown

+Likely effective rent$1,080
HUD FMR$1,470
Market rentUsed$1,080
Est. payment standard (90%)$1,320
-Principal and interest-$498
Loan amount$78,857
Down payment$19,714
Rate6.50%
Term30 years
-Operating costs-$382
Property taxes-$99
Insurance-$175
Utilities$0
HOA$0
Management-$108
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,604(89.3% ROI)
Projected value
$106,150
Return breakdown
Property appreciation+$7,579
Loan principal paid down+$2,825
Rental cash flow+$7,200
5-year hold
+$29,991(152.1% ROI)
Projected value
$111,524
Return breakdown
Property appreciation+$12,953
Loan principal paid down+$5,038
Rental cash flow+$12,000
10-year hold
+$63,613(322.7% ROI)
Projected value
$126,179
Return breakdown
Property appreciation+$27,608
Loan principal paid down+$12,005
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.43
1 BR
1.46
2 BR
1.36
3 BR
1.32
4 BR
1.39
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28303 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28303 (Fayetteville, NC) is $1,470 a month. That is up 16.7% from $1,260 in FY 2026. Fayetteville is in the Fayetteville, NC HUD Metro 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 metro-wide two-bedroom FMR of $1,476. Among 28 ZIP codes in Cumberland County, 28303 has the 10th-highest two-bedroom rent (county range $1,130–$1,760). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28303 is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28303
BedroomsFY 2027Change90–110% range
Studio$1,300+18.2%$1,170–$1,430
1BR$1,330+18.8%$1,197–$1,463
2BR$1,470+16.7%$1,323–$1,617
3BR$1,930+14.9%$1,737–$2,123
4BR$2,370+13.9%$2,133–$2,607

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28303
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,300$1,330$1,470$1,930$2,370
FY 2026$1,100$1,120$1,260$1,680$2,080
FY 2025$1,060$1,080$1,220$1,650$2,050
FY 2024$1,100$1,100$1,270$1,730$2,160
FY 2023$890$890$1,030$1,420$1,750

Two-bedroom rent in nearby Cumberland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28303
28301$1,250−15.0%
28302$1,480+0.7%
28303Current$1,470—
28304$1,710+16.3%
28305$1,340−8.8%
28306$1,270−13.6%
28307$1,760+19.7%
28308$1,490+1.4%
28309$1,480+0.7%
28310$1,560+6.1%
28311$1,500+2.0%
28312$1,190−19.0%

Questions about ZIP 28303 rents

How much will Section 8 pay for a two-bedroom in ZIP 28303?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,476, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,328 to $1,624 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 28303 in?

ZIP 28303 is in the Fayetteville, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,476.

How much did fair market rent change in ZIP 28303 for FY 2027?

The two-bedroom FMR rose 16.7%, from $1,260 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 42.7%.

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