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Caldwell County/Granite Falls/28630

28630

ZIPSAFMR
Caldwell County, NC
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$950$1,030
1 BR$950$980
2 BR$1,130$1,200
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
$116,403

Cost breakdown

+Likely effective rent$1,200
HUD FMR$1,130
Market rent$1,230
Est. payment standard (106%)Used$1,200
-Principal and interest-$589
Loan amount$93,122
Down payment$23,281
Rate6.50%
Term30 years
-Operating costs-$411
Property taxes-$116
Insurance-$175
Utilities$0
HOA$0
Management-$120
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,487(83.7% ROI)
Projected value
$125,353
Return breakdown
Property appreciation+$8,950
Loan principal paid down+$3,336
Rental cash flow+$7,200
5-year hold
+$33,246(142.8% ROI)
Projected value
$131,699
Return breakdown
Property appreciation+$15,296
Loan principal paid down+$5,950
Rental cash flow+$12,000
10-year hold
+$70,780(304.0% ROI)
Projected value
$149,006
Return breakdown
Property appreciation+$32,603
Loan principal paid down+$14,177
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.95
2 BR
0.92
3 BR
0.80
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28630 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28630 (Granite Falls, NC) is $1,130 a month. That is up 1.8% from $1,110 in FY 2026. Granite Falls 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 13 ZIP codes in Caldwell County, 28630 has the 4th-highest two-bedroom rent (county range $1,010–$1,660). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28630 is 1% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28630
BedroomsFY 2027Change90–110% range
Studio$950+9.2%$855–$1,045
1BR$950+3.3%$855–$1,045
2BR$1,130+1.8%$1,017–$1,243
3BR$1,380−0.7%$1,242–$1,518
4BR$1,6800.0%$1,512–$1,848

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28630
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$950$1,130$1,380$1,680
FY 2026$870$920$1,110$1,390$1,680
FY 2025$880$910$1,120$1,430$1,680
FY 2024$870$900$1,100$1,430$1,630
FY 2023$690$700$850$1,110$1,270

Two-bedroom rent in nearby Caldwell County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28630
28601$1,320+16.8%
28605$1,330+17.7%
28606$1,070−5.3%
28611$1,100−2.7%
28624$1,070−5.3%
28630Current$1,130—
28633$1,010−10.6%
28638$1,010−10.6%
28645$1,060−6.2%
28655$1,660+46.9%
28661$1,010−10.6%
28667$1,080−4.4%

Questions about ZIP 28630 rents

How much will Section 8 pay for a two-bedroom in ZIP 28630?

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 28630 in?

ZIP 28630 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 28630 for FY 2027?

The two-bedroom FMR rose 1.8%, from $1,110 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 32.9%.

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