Skip to main content
Loading page
Onslow County/Midway Park/28544

28544

ZIPSAFMR
Onslow County, NC
Zillow

ZIP Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$1,040$1,140
1 BR$1,050$1,080
2 BR$1,290$1,260
3 BR$1,790$1,700
4 BR$2,160$2,040
5 BR$2,484Not available
6 BR$2,857Not available
7 BR$3,285Not available
8 BR$3,778Not available

Purchase Price Calculator

Maximum purchase price
$125,319

Cost breakdown

+Likely effective rent$1,260
HUD FMR$1,290
Market rentUsed$1,260
Est. payment standard (98%)$1,270
-Principal and interest-$634
Loan amount$100,255
Down payment$25,064
Rate6.50%
Term30 years
-Operating costs-$426
Property taxes-$125
Insurance-$175
Utilities$0
HOA$0
Management-$126
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,428(81.5% ROI)
Projected value
$134,955
Return breakdown
Property appreciation+$9,636
Loan principal paid down+$3,592
Rental cash flow+$7,200
5-year hold
+$34,873(139.1% ROI)
Projected value
$141,787
Return breakdown
Property appreciation+$16,468
Loan principal paid down+$6,405
Rental cash flow+$12,000
10-year hold
+$74,363(296.7% ROI)
Projected value
$160,419
Return breakdown
Property appreciation+$35,100
Loan principal paid down+$15,263
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.83
1 BR
0.95
2 BR
1.02
3 BR
1.05
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28544 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28544 (Midway Park, NC) is $1,290 a month. That is up 15.2% from $1,120 in FY 2026. Midway Park 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, 28544 has the 12th-highest two-bedroom rent (county range $1,060–$1,870). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28544 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28544
BedroomsFY 2027Change90–110% range
Studio$1,040+16.9%$936–$1,144
1BR$1,050+18.0%$945–$1,155
2BR$1,290+15.2%$1,161–$1,419
3BR$1,790+14.7%$1,611–$1,969
4BR$2,160+14.9%$1,944–$2,376

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28544
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,040$1,050$1,290$1,790$2,160
FY 2026$890$890$1,120$1,560$1,880
FY 2025$850$930$1,150$1,620$1,950
FY 2024$860$980$1,210$1,710$2,050
FY 2023$660$790$940$1,340$1,600

Two-bedroom rent in nearby Onslow County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28544
28518$1,090−15.5%
28521$1,100−14.7%
28539$1,270−1.6%
28540$1,250−3.1%
28541$1,320+2.3%
28542$1,870+45.0%
28543$1,530+18.6%
28544Current$1,290—
28545$1,320+2.3%
28546$1,360+5.4%
28547$1,580+22.5%
28555$1,310+1.6%

Questions about ZIP 28544 rents

How much will Section 8 pay for a two-bedroom in ZIP 28544?

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 $1,290 it would be $1,161 to $1,419. 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 28544 in?

ZIP 28544 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 28544 for FY 2027?

The two-bedroom FMR rose 15.2%, from $1,120 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 37.2%.

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