Onslow County/Richlands/28574

28574

ZIPSAFMR

Onslow County, NC

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ZIP Investment Score

84Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$990	$1,090	1.4%
1 BR	$990	$1,090	-2.9%
2 BR	$1,220	$1,340	-3.1%
3 BR	$1,690	$1,700	-3.7%
4 BR	$2,040	$1,950	-3.5%
5 BR	$2,346	Not available	-3.5%
6 BR	$2,698	Not available	-3.5%
7 BR	$3,103	Not available	-3.5%
8 BR	$3,568	Not available	-3.5%

Purchase Price Calculator

Maximum purchase price

$137,207

Cost breakdown

+Likely effective rent$1,340

HUD FMR$1,220

Market rent$1,520

Est. payment standard (110%)Used$1,340

-Principal and interest-$694

Loan amount$109,766

Down payment$27,441

Rate6.50%

Term30 years

-Operating costs-$446

Property taxes-$137

Insurance-$175

Utilities$0

HOA$0

Management-$134

=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

+$21,683(79.0% ROI)

Projected value

$147,757

Return breakdown

Property appreciation+$10,550

Loan principal paid down+$3,933

Rental cash flow+$7,200

5-year hold

+$37,043(135.0% ROI)

Projected value

$155,237

Return breakdown

Property appreciation+$18,030

Loan principal paid down+$7,013

Rental cash flow+$12,000

10-year hold

+$79,140(288.4% ROI)

Projected value

$175,637

Return breakdown

Property appreciation+$38,430

Loan principal paid down+$16,711

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.63ratio

FMR$990

Market$1,560

vs market-$570

FMR is below market; voucher rent may lag private rents.

0.63

1 BR

0.73ratio

FMR$990

Market$1,360

vs market-$370

FMR is below market; voucher rent may lag private rents.

0.73

2 BR

0.80ratio

FMR$1,220

Market$1,520

vs market-$300

FMR is below market; voucher rent may lag private rents.

0.80

3 BR

0.99ratio

FMR$1,690

Market$1,710

vs market-$20

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

0.99

4 BR

1.05ratio

FMR$2,040

Market$1,950

vs market+$90

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

1.05

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 28574 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28574 (Richlands, NC) is $1,220 a month. That is up 6.1% from $1,150 in FY 2026. Richlands 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, 28574 is tied for the 15th-highest two-bedroom rent (county range $1,060–$1,870). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28574 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28574
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$910	$990	+8.8%	$891–$1,089
1BR	$920	$990	+7.6%	$891–$1,089
2BR	$1,150	$1,220	+6.1%	$1,098–$1,342
3BR	$1,600	$1,690	+5.6%	$1,521–$1,859
4BR	$1,930	$2,040	+5.7%	$1,836–$2,244

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28574
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$990	$990	$1,220	$1,690	$2,040
FY 2026	$910	$920	$1,150	$1,600	$1,930
FY 2025	$910	$980	$1,210	$1,710	$2,050
FY 2024	$950	$1,080	$1,340	$1,890	$2,270
FY 2023	$710	$850	$1,010	$1,440	$1,720

Two-bedroom rent in nearby Onslow County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 28574
28541	$1,320	+8.2%
28542	$1,870	+53.3%
28543	$1,530	+25.4%
28544	$1,290	+5.7%
28545	$1,320	+8.2%
28546	$1,360	+11.5%
28547	$1,580	+29.5%
28555	$1,310	+7.4%
28572	$1,060	−13.1%
28574Current	$1,220	—
28582	$1,220	0.0%
28584	$1,580	+29.5%

Questions about ZIP 28574 rents

How much will Section 8 pay for a two-bedroom in ZIP 28574?

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 $1,220 it would be $1,098 to $1,342. 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 28574 in?

ZIP 28574 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 28574 for FY 2027?

The two-bedroom FMR rose 6.1%, from $1,150 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 20.8%.

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