28542

ZIPSAFMR

Onslow County, NC

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,510	$1,520	18.8%
1 BR	$1,520	$1,310	13.9%
2 BR	$1,870	$1,450	13.8%
3 BR	$2,590	$1,610	13.1%
4 BR	$3,130	$1,850	13.2%
5 BR	$3,599	Not available	13.2%
6 BR	$4,139	Not available	13.2%
7 BR	$4,760	Not available	13.2%
8 BR	$5,474	Not available	13.2%

Purchase Price Calculator

Maximum purchase price

$153,553

Cost breakdown

+Likely effective rent$1,450

HUD FMR$1,870

Market rentUsed$1,450

Est. payment standard (90%)$1,680

-Principal and interest-$776

Loan amount$122,842

Down payment$30,711

Rate6.50%

Term30 years

-Operating costs-$474

Property taxes-$154

Insurance-$175

Utilities$0

HOA$0

Management-$145

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$23,408(76.2% ROI)

Projected value

$165,360

Return breakdown

Property appreciation+$11,807

Loan principal paid down+$4,401

Rental cash flow+$7,200

5-year hold

+$40,027(130.3% ROI)

Projected value

$173,731

Return breakdown

Property appreciation+$20,178

Loan principal paid down+$7,848

Rental cash flow+$12,000

10-year hold

+$85,709(279.1% ROI)

Projected value

$196,561

Return breakdown

Property appreciation+$43,008

Loan principal paid down+$18,701

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.99ratio

FMR$1,510

Market$1,520

vs market-$10

FMR is near market; voucher and private rents are aligned.

0.99

1 BR

1.16ratio

FMR$1,520

Market$1,310

vs market+$210

FMR is above market; underwrite to market rent.

1.16

2 BR

1.29ratio

FMR$1,870

Market$1,450

vs market+$420

FMR is above market; underwrite to market rent.

1.29

3 BR

1.61ratio

FMR$2,590

Market$1,610

vs market+$980

FMR is above market; underwrite to market rent.

1.61

4 BR

1.69ratio

FMR$3,130

Market$1,850

vs market+$1,280

FMR is above market; underwrite to market rent.

1.69

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 28542 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28542 (Camp Lejeune, NC) is $1,870 a month. That is up 6.3% from $1,760 in FY 2026. Camp Lejeune is in the Jacksonville, 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 $1,319. Among 19 ZIP codes in Onslow County, 28542 has the highest two-bedroom rent (county range $1,060–$1,870). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28542 is 63% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28542
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,390	$1,510	+8.6%	$1,359–$1,661
1BR	$1,400	$1,520	+8.6%	$1,368–$1,672
2BR	$1,760	$1,870	+6.3%	$1,683–$2,057
3BR	$2,450	$2,590	+5.7%	$2,331–$2,849
4BR	$2,950	$3,130	+6.1%	$2,817–$3,443

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28542
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,510	$1,520	$1,870	$2,590	$3,130
FY 2026	$1,390	$1,400	$1,760	$2,450	$2,950
FY 2025	$1,340	$1,350	$1,720	$2,410	$2,890
FY 2024	$900	$1,030	$1,270	$1,790	$2,160
FY 2023	$670	$800	$950	$1,350	$1,620

Two-bedroom rent in nearby Onslow County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 28542
28518	$1,090	−41.7%
28521	$1,100	−41.2%
28539	$1,270	−32.1%
28540	$1,250	−33.2%
28541	$1,320	−29.4%
28542Current	$1,870	—
28543	$1,530	−18.2%
28544	$1,290	−31.0%
28545	$1,320	−29.4%
28546	$1,360	−27.3%
28547	$1,580	−15.5%
28555	$1,310	−29.9%

Questions about ZIP 28542 rents

How much will Section 8 pay for a two-bedroom in ZIP 28542?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,319, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,187 to $1,451 a month; under the ZIP-level Small Area FMR of $1,870 it would be $1,683 to $2,057. 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 28542 in?

ZIP 28542 is in the Jacksonville, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,319.

How much did fair market rent change in ZIP 28542 for FY 2027?

The two-bedroom FMR rose 6.3%, from $1,760 in FY 2026 to $1,870 in FY 2027. Since FY 2023 it has risen 96.8%.

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 rent Camp Lejeune, NC fair market rent NC statewide rents What is SAFMR?Data sources