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Catawba County/Conover/28613

28613

ZIPSAFMR
Catawba County, NC
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$950$1,050
1 BR$950$1,050
2 BR$1,130$1,240
3 BR$1,380$1,520
4 BR$1,680$1,850
5 BR$1,932Not available
6 BR$2,222Not available
7 BR$2,555Not available
8 BR$2,938Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMR$1,130
Market rent$1,420
Est. payment standard (110%)Used$1,240
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.77
2 BR
0.80
3 BR
0.72
4 BR
0.79
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28613 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28613 (Conover, NC) is $1,130 a month. That is up 5.6% from $1,070 in FY 2026. Conover is in the Hickory-Lenoir-Morganton, 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 $1,147. Among 16 ZIP codes in Catawba County, 28613 is tied for the 10th-highest two-bedroom rent (county range $1,010–$1,720). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28613 is 1% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28613
BedroomsFY 2027Change90–110% range
Studio$950+13.1%$855–$1,045
1BR$950+6.7%$855–$1,045
2BR$1,130+5.6%$1,017–$1,243
3BR$1,380+3.0%$1,242–$1,518
4BR$1,680+3.7%$1,512–$1,848

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28613
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$950$1,130$1,380$1,680
FY 2026$840$890$1,070$1,340$1,620
FY 2025$810$840$1,030$1,310$1,540
FY 2024$800$830$1,010$1,310$1,500
FY 2023$660$670$810$1,060$1,210

Two-bedroom rent in nearby Catawba County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28613
28601$1,320+16.8%
28602$1,250+10.6%
28603$1,250+10.6%
28609$1,520+34.5%
28610$1,170+3.5%
28612$1,1300.0%
28613Current$1,130—
28637$1,010−10.6%
28650$1,010−10.6%
28658$1,260+11.5%
28673$1,620+43.4%
28682$1,720+52.2%

Questions about ZIP 28613 rents

How much will Section 8 pay for a two-bedroom in ZIP 28613?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,147, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,032 to $1,262 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 28613 in?

ZIP 28613 is in the Hickory-Lenoir-Morganton, NC MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,147.

How much did fair market rent change in ZIP 28613 for FY 2027?

The two-bedroom FMR rose 5.6%, from $1,070 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 39.5%.

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