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Moore County/Carthage/28327

28327

ZIPSAFMR
Moore County, NC
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,260$1,390
1 BR$1,350$1,490
2 BR$1,480$1,530
3 BR$2,060$1,970
4 BR$2,480$2,500
5 BR$2,852Not available
6 BR$3,280Not available
7 BR$3,772Not available
8 BR$4,338Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,480
Market rent$1,550
Est. payment standard (103%)Used$1,530
-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

Studio
0.80
1 BR
0.86
2 BR
0.95
3 BR
1.05
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28327 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28327 (Carthage, NC) is $1,480 a month. That is down 9.8% from $1,640 in FY 2026. Carthage is in the Pinehurst-Southern Pines, NC MSA. 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 $1,223. Among 22 ZIP codes in Moore County, 28327 has the 6th-highest two-bedroom rent (county range $1,020–$1,800). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28327 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28327
BedroomsFY 2027Change90–110% range
Studio$1,260−10.0%$1,134–$1,386
1BR$1,350−10.0%$1,215–$1,485
2BR$1,480−9.8%$1,332–$1,628
3BR$2,060−9.6%$1,854–$2,266
4BR$2,480−9.8%$2,232–$2,728

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28327
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,350$1,480$2,060$2,480
FY 2026$1,400$1,500$1,640$2,280$2,750
FY 2025$1,230$1,280$1,420$1,990$2,380
FY 2024area FMR$863$886$995$1,402$1,689
FY 2023area FMR$774$808$913$1,276$1,555

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Moore County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28327
27376$1,230−16.9%
28315$1,230−16.9%
28326$1,490+0.7%
28327Current$1,480—
28347$1,230−16.9%
28350$1,460−1.4%
28370$1,230−16.9%
28373$1,230−16.9%
28374$1,800+21.6%
28387$1,230−16.9%
28388$1,230−16.9%
28394$1,550+4.7%

Questions about ZIP 28327 rents

How much will Section 8 pay for a two-bedroom in ZIP 28327?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,223, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,101 to $1,345 a month; under the ZIP-level Small Area FMR of $1,480 it would be $1,332 to $1,628. 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 28327 in?

ZIP 28327 is in the Pinehurst-Southern Pines, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,223.

How much did fair market rent change in ZIP 28327 for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,640 in FY 2026 to $1,480 in FY 2027. Since FY 2025 it has risen 4.2%.

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