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McDowell County/Marion/28752

28752

ZIPSAFMR
McDowell County, NC
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$860$870
1 BR$910$1,000
2 BR$1,010$1,110
3 BR$1,290$1,420
4 BR$1,360$1,370
5 BR$1,564Not available
6 BR$1,799Not available
7 BR$2,068Not available
8 BR$2,379Not available

Purchase Price Calculator

Maximum purchase price
$103,029

Cost breakdown

+Likely effective rent$1,110
HUD FMR$1,010
Market rent$1,370
Est. payment standard (110%)Used$1,110
-Principal and interest-$521
Loan amount$82,423
Down payment$20,606
Rate6.50%
Term30 years
-Operating costs-$389
Property taxes-$103
Insurance-$175
Utilities$0
HOA$0
Management-$111
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,075(87.7% ROI)
Projected value
$110,951
Return breakdown
Property appreciation+$7,922
Loan principal paid down+$2,953
Rental cash flow+$7,200
5-year hold
+$30,805(149.5% ROI)
Projected value
$116,568
Return breakdown
Property appreciation+$13,539
Loan principal paid down+$5,266
Rental cash flow+$12,000
10-year hold
+$65,405(317.4% ROI)
Projected value
$131,886
Return breakdown
Property appreciation+$28,857
Loan principal paid down+$12,548
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
0.86
2 BR
0.74
3 BR
0.82
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 28752 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 28752 (Marion, NC) is $1,010 a month. That is up 6.3% from $950 in FY 2026. Marion is in the McDowell 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 $1,012. Among 10 ZIP codes in McDowell County, 28752 is tied for the 7th-highest two-bedroom rent (county range $1,010–$1,810). The median county two-bedroom FMR in North Carolina is $1,145, so ZIP 28752 is 12% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 28752
BedroomsFY 2027Change90–110% range
Studio$860+8.9%$774–$946
1BR$910+15.2%$819–$1,001
2BR$1,010+6.3%$909–$1,111
3BR$1,290+8.4%$1,161–$1,419
4BR$1,360−4.9%$1,224–$1,496

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 28752
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$860$910$1,010$1,290$1,360
FY 2026$790$790$950$1,190$1,430
FY 2025$790$840$940$1,190$1,260
FY 2024area FMR$713$751$856$1,059$1,262
FY 2023area FMR$541$673$771$938$1,174

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby McDowell County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 28752
28167$1,120+10.9%
28655$1,660+64.4%
28657$1,0100.0%
28711$1,810+79.2%
28714$1,660+64.4%
28749$1,0100.0%
28752Current$1,010—
28761$1,170+15.8%
28762$1,660+64.4%
28777$1,0100.0%

Questions about ZIP 28752 rents

How much will Section 8 pay for a two-bedroom in ZIP 28752?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,012, which applies unless the housing authority uses Small Area FMRs, that basic range is $911 to $1,113 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 28752 in?

ZIP 28752 is in the McDowell County, NC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,012.

How much did fair market rent change in ZIP 28752 for FY 2027?

The two-bedroom FMR rose 6.3%, from $950 in FY 2026 to $1,010 in FY 2027. Since FY 2025 it has risen 7.4%.

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