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Brunswick County/Oak Island/28465

28465

ZIPSAFMR
Brunswick County, NC
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$1,330$1,230
1 BR$1,390$1,470
2 BR$1,510$1,660
3 BR$1,980$2,180
4 BR$2,310$2,540
5 BR$2,657Not available
6 BR$3,055Not available
7 BR$3,513Not available
8 BR$4,040Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,510
Market rent$2,040
Est. payment standard (110%)Used$1,660
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.08
1 BR
0.91
2 BR
0.74
3 BR
0.85
4 BR
0.76
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28465 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28465 (Oak Island, NC) is $1,510 a month. That is up 7.1% from $1,410 in FY 2026. Oak Island is in the Brunswick County, 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 $1,574. Among 15 ZIP codes in Brunswick County, 28465 has the 8th-highest two-bedroom rent (county range $1,290–$1,800). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28465 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28465
BedroomsFY 2027Change90–110% range
Studio$1,330+8.1%$1,197–$1,463
1BR$1,390+7.8%$1,251–$1,529
2BR$1,510+7.1%$1,359–$1,661
3BR$1,980+1.0%$1,782–$2,178
4BR$2,310−2.5%$2,079–$2,541

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28465
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,330$1,390$1,510$1,980$2,310
FY 2026$1,230$1,290$1,410$1,960$2,370
FY 2025$1,120$1,230$1,360$1,910$2,280
FY 2024$1,030$1,100$1,230$1,730$2,090
FY 2023$950$970$1,100$1,560$1,870

Two-bedroom rent in nearby Brunswick County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28465
28451$1,790+18.5%
28452$1,290−14.6%
28456$1,290−14.6%
28459$1,570+4.0%
28461$1,670+10.6%
28462$1,290−14.6%
28465Current$1,510—
28467$1,710+13.2%
28468$1,610+6.6%
28469$1,290−14.6%
28470$1,410−6.6%
28479$1,590+5.3%

Questions about ZIP 28465 rents

How much will Section 8 pay for a two-bedroom in ZIP 28465?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,574, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,417 to $1,731 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 28465 in?

ZIP 28465 is in the Brunswick County, NC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,574.

How much did fair market rent change in ZIP 28465 for FY 2027?

The two-bedroom FMR rose 7.1%, from $1,410 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 37.3%.

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