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Carteret County/Newport/28570

28570

ZIPSAFMR
Carteret County, NC
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$890$980
1 BR$890$980
2 BR$1,170$1,290
3 BR$1,470$1,620
4 BR$1,950$2,090
5 BR$2,243Not available
6 BR$2,579Not available
7 BR$2,966Not available
8 BR$3,411Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMR$1,170
Market rent$1,700
Est. payment standard (110%)Used$1,290
-Principal and interest-$656
Loan amount$103,822
Down payment$25,955
Rate6.50%
Term30 years
-Operating costs-$434
Property taxes-$130
Insurance-$175
Utilities$0
HOA$0
Management-$129
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,898(80.5% ROI)
Projected value
$139,756
Return breakdown
Property appreciation+$9,979
Loan principal paid down+$3,720
Rental cash flow+$7,200
5-year hold
+$35,687(137.5% ROI)
Projected value
$146,831
Return breakdown
Property appreciation+$17,054
Loan principal paid down+$6,633
Rental cash flow+$12,000
10-year hold
+$76,154(293.4% ROI)
Projected value
$166,126
Return breakdown
Property appreciation+$36,349
Loan principal paid down+$15,806
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.58
1 BR
0.64
2 BR
0.69
3 BR
0.74
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28570 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28570 (Newport, NC) is $1,170 a month. That is up 3.5% from $1,130 in FY 2026. Newport is in the Carteret 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 $1,277. Among 20 ZIP codes in Carteret County, 28570 has the 19th-highest two-bedroom rent (county range $1,090–$1,860). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28570 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28570
BedroomsFY 2027Change90–110% range
Studio$890+3.5%$801–$979
1BR$890+3.5%$801–$979
2BR$1,170+3.5%$1,053–$1,287
3BR$1,470+1.4%$1,323–$1,617
4BR$1,950+5.4%$1,755–$2,145

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28570
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$890$890$1,170$1,470$1,950
FY 2026$860$860$1,130$1,450$1,850
FY 2025$890$890$1,170$1,520$1,920
FY 2024area FMR$820$826$1,085$1,454$1,812
FY 2023area FMR$757$762$1,003$1,365$1,708

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

Two-bedroom rent in nearby Carteret County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28570
28553$1,280+9.4%
28555$1,310+12.0%
28557$1,350+15.4%
28570Current$1,170—
28575$1,250+6.8%
28577$1,240+6.0%
28579$1,280+9.4%
28581$1,280+9.4%
28582$1,220+4.3%
28584$1,580+35.0%
28589$1,280+9.4%
28594$1,860+59.0%

Questions about ZIP 28570 rents

How much will Section 8 pay for a two-bedroom in ZIP 28570?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,277, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,149 to $1,405 a month; under the ZIP-level Small Area FMR of $1,170 it would be $1,053 to $1,287. 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 28570 in?

ZIP 28570 is in the Carteret County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,277.

How much did fair market rent change in ZIP 28570 for FY 2027?

The two-bedroom FMR rose 3.5%, from $1,130 in FY 2026 to $1,170 in FY 2027. Since FY 2025 it has risen 0.0%.

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