Location: Rappahannock County, VA | Metro: Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,520 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,590 |
| 5 Bedrooms | $3,004 |
| 6 Bedrooms | $3,364 |
| 7 Bedrooms | $3,633 |
| 8 Bedrooms | $3,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,810 | $410,605 | 0.44% | F |
| 3BR | $2,330 | $551,988 | 0.42% | F |
| 4BR | $2,590 | $678,764 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 20106, located in Amissville, VA, has a population of 4,297 individuals, with 15.5% being renters. This indicates that it is primarily a homeowner-dominated area rather than a renter-heavy zone. The median household income in this ZIP is $108,469, which places it in a relatively high-income bracket.
With a typical market rent of $1,220, we can calculate that rent consumes approximately 11.25% of the median household income. This is lower than the national average, suggesting that tenants in this area would generally have a larger disposable income after paying rent.
Comparing the market rent to the Fair Market Rent (FMR) of $1,370 for FY 2024, it's evident that the rental prices are slightly below the FMR. This could imply that landlords might be able to attract tenants without needing to offer rents at the FMR level, though they should be prepared for some competition.
In terms of voucher utilization, given the higher median income and the fact that only 15.5% of the population are renters, it is likely that the demand for housing vouchers is not particularly deep. Landlords in this area should anticipate a tenant pool that includes both those who may use vouchers and those who pay rent directly from their own income. However, the overall number of voucher users is expected to be low compared to areas with a higher percentage of renters.
The kind of tenant profile a landlord here should expect includes individuals and families who have stable employment and income sources. While there will be some tenants using Section 8 vouchers, the majority will likely be able to afford rent out-of-pocket due to the higher median income levels. It's important for landlords to consider the balance between accepting voucher tenants and potentially renting to those who can pay the full market rate without assistance.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.