Skip to main content
Loading page
Catawba County/Newton/28658

28658

ZIPSAFMR
Catawba County, NC
Zillow

ZIP Investment Score

115Above average

095130300
BRFMR
Eff. Rent
0 BR$1,060$1,170
1 BR$1,060$1,140
2 BR$1,260$1,320
3 BR$1,540$1,690
4 BR$1,870$2,050
5 BR$2,151Not available
6 BR$2,473Not available
7 BR$2,844Not available
8 BR$3,271Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMR$1,260
Market rent$1,350
Est. payment standard (105%)Used$1,320
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.84
1 BR
0.89
2 BR
0.93
3 BR
0.86
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 28658 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28658 (Newton, NC) is $1,260 a month. That is up 5.0% from $1,200 in FY 2026. Newton 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, 28658 has the 6th-highest two-bedroom rent (county range $1,010–$1,720). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28658 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28658
BedroomsFY 2027Change90–110% range
Studio$1,060+12.8%$954–$1,166
1BR$1,060+7.1%$954–$1,166
2BR$1,260+5.0%$1,134–$1,386
3BR$1,540+2.7%$1,386–$1,694
4BR$1,870+2.7%$1,683–$2,057

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28658
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,060$1,060$1,260$1,540$1,870
FY 2026$940$990$1,200$1,500$1,820
FY 2025$890$930$1,140$1,450$1,710
FY 2024$870$900$1,100$1,430$1,630
FY 2023$690$700$850$1,110$1,270

Two-bedroom rent in nearby Catawba County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28658
28601$1,320+4.8%
28602$1,250−0.8%
28603$1,250−0.8%
28609$1,520+20.6%
28610$1,170−7.1%
28612$1,130−10.3%
28613$1,130−10.3%
28637$1,010−19.8%
28650$1,010−19.8%
28658Current$1,260—
28673$1,620+28.6%
28682$1,720+36.5%

Questions about ZIP 28658 rents

How much will Section 8 pay for a two-bedroom in ZIP 28658?

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 $1,260 it would be $1,134 to $1,386. 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 28658 in?

ZIP 28658 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 28658 for FY 2027?

The two-bedroom FMR rose 5.0%, from $1,200 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 48.2%.

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