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Bladen County/Tar Heel/28392

28392

ZIPSAFMR
Bladen County, NC
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$840$840
1 BR$840$840
2 BR$1,100$1,100
3 BR$1,510$1,510
4 BR$1,520$1,520
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$101,543

Cost breakdown

+Likely effective rent$1,100
HUD FMRUsed$1,100
Market rentN/A
Est. payment standardN/A
-Principal and interest-$513
Loan amount$81,234
Down payment$20,309
Rate6.50%
Term30 years
-Operating costs-$387
Property taxes-$102
Insurance-$175
Utilities$0
HOA$0
Management-$110
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,918(88.2% ROI)
Projected value
$109,351
Return breakdown
Property appreciation+$7,808
Loan principal paid down+$2,910
Rental cash flow+$7,200
5-year hold
+$30,534(150.3% ROI)
Projected value
$114,887
Return breakdown
Property appreciation+$13,344
Loan principal paid down+$5,190
Rental cash flow+$12,000
10-year hold
+$64,808(319.1% ROI)
Projected value
$129,984
Return breakdown
Property appreciation+$28,441
Loan principal paid down+$12,367
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 28392 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28392 (Tar Heel, NC) is $1,100 a month. That is up 3.8% from $1,060 in FY 2026. Tar Heel is in the Bladen County, NC non-metropolitan 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 county-wide two-bedroom FMR of $1,012. Among 20 ZIP codes in Bladen County, 28392 has the 12th-highest two-bedroom rent (county range $1,010–$1,290). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28392 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28392
BedroomsFY 2027Change90–110% range
Studio$840+3.7%$756–$924
1BR$840+3.7%$756–$924
2BR$1,100+3.8%$990–$1,210
3BR$1,510+6.3%$1,359–$1,661
4BR$1,520−0.7%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28392
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$840$1,100$1,510$1,520
FY 2026$810$810$1,060$1,420$1,530
FY 2025$890$890$1,170$1,570$1,690
FY 2024area FMR$687$691$856$1,137$1,313
FY 2023area FMR$617$621$771$1,034$1,223

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

Two-bedroom rent in nearby Bladen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28392
28382$1,190+8.2%
28384$1,130+2.7%
28392Current$1,100—
28399$1,130+2.7%
28421$1,050−4.5%
28423$1,150+4.5%
28433$1,150+4.5%
28434$1,110+0.9%
28435$1,140+3.6%
28438$1,010−8.2%
28441$1,130+2.7%
28444$1,010−8.2%

Questions about ZIP 28392 rents

How much will Section 8 pay for a two-bedroom in ZIP 28392?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,012, which applies unless the housing authority uses Small Area FMRs, that basic range is $911 to $1,113 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 28392 in?

ZIP 28392 is in the Bladen County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,012.

How much did fair market rent change in ZIP 28392 for FY 2027?

The two-bedroom FMR rose 3.8%, from $1,060 in FY 2026 to $1,100 in FY 2027. Since FY 2025 it has fallen 6.0%.

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