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Pamlico County/Oriental/28571

28571

ZIPSAFMR
Pamlico County, NC
Zillow

ZIP Investment Score

59Below average

095130300
BRFMR
Eff. Rent
0 BR$1,190$1,190
1 BR$1,190$1,190
2 BR$1,480$1,480
3 BR$1,780$1,780
4 BR$2,240$2,240
5 BR$2,576Not available
6 BR$2,962Not available
7 BR$3,407Not available
8 BR$3,918Not available

Purchase Price Calculator

Maximum purchase price
$158,011

Cost breakdown

+Likely effective rent$1,480
HUD FMRUsed$1,480
Market rentN/A
Est. payment standardN/A
-Principal and interest-$799
Loan amount$126,409
Down payment$31,602
Rate6.50%
Term30 years
-Operating costs-$481
Property taxes-$158
Insurance-$175
Utilities$0
HOA$0
Management-$148
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,878(75.6% ROI)
Projected value
$170,160
Return breakdown
Property appreciation+$12,150
Loan principal paid down+$4,529
Rental cash flow+$7,200
5-year hold
+$40,840(129.2% ROI)
Projected value
$178,775
Return breakdown
Property appreciation+$20,764
Loan principal paid down+$8,076
Rental cash flow+$12,000
10-year hold
+$87,501(276.9% ROI)
Projected value
$202,267
Return breakdown
Property appreciation+$44,256
Loan principal paid down+$19,244
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
--
Tax rate
--
Mortgage rate
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ZIP 28571 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28571 (Oriental, NC) is $1,480 a month. That is up 9.6% from $1,350 in FY 2026. Oriental is in the Pamlico 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 $1,088. Among 11 ZIP codes in Pamlico County, 28571 has the highest two-bedroom rent (county range $1,010–$1,480). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28571 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28571
BedroomsFY 2027Change90–110% range
Studio$1,190+10.2%$1,071–$1,309
1BR$1,190+9.2%$1,071–$1,309
2BR$1,480+9.6%$1,332–$1,628
3BR$1,780+9.9%$1,602–$1,958
4BR$2,240+10.3%$2,016–$2,464

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28571
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,190$1,190$1,480$1,780$2,240
FY 2026$1,080$1,090$1,350$1,620$2,030
FY 2025$1,100$1,110$1,450$1,750$1,920
FY 2024$990$1,000$1,310$1,580$1,820
FY 2023$860$860$1,130$1,380$1,750

Two-bedroom rent in nearby Pamlico County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28571
28509$1,090−26.4%
28510$1,320−10.8%
28515$1,010−31.8%
28529$1,010−31.8%
28537$1,010−31.8%
28552$1,130−23.6%
28556$1,260−14.9%
28560$1,170−20.9%
28571Current$1,480—
28583$1,090−26.4%
28587$1,010−31.8%

Questions about ZIP 28571 rents

How much will Section 8 pay for a two-bedroom in ZIP 28571?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,088, which applies unless the housing authority uses Small Area FMRs, that basic range is $979 to $1,197 a month; under the ZIP-level Small Area FMR of $1,480 it would be $1,332 to $1,628. 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 28571 in?

ZIP 28571 is in the Pamlico County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,088.

How much did fair market rent change in ZIP 28571 for FY 2027?

The two-bedroom FMR rose 9.6%, from $1,350 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 31.0%.

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