Location: King George County, VA | Metro: King George County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
According to the data for ZIP 22451, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,470. This figure represents the benchmark for determining eligibility for housing assistance programs under Section 8.
The lack of specific market rent data suggests that there might be limited recent transactions in the area, making it challenging to assess the exact rental market conditions. However, the FMR provides a reliable starting point for evaluating potential rental investments.
Recent sales data indicates a mixed picture in terms of pricing and time on the market. A property at 7069 Wise Ln sold for $455,000 after being listed for 52 days, while another at 6211 Bobcat Ln sold for $505,000 after 38 days. The third property at 6247 Bobcat Ln took a longer 147 days to sell for $510,000. These examples illustrate varying levels of demand and competition within the ZIP code.
In ZIP 22451, the absence of precise median home values, renter share percentages, median income figures, and days on market (DOM) statistics makes it difficult to draw definitive conclusions about broader market health. However, the available sales data suggests that the market is stable but not highly active.
The lack of specific price-cut share data means that it is unclear how often sellers in the area are lowering their asking prices. Nonetheless, the fact that some properties have taken longer to sell indicates that price adjustments may play a role in securing a sale.
In summary, the Section 8 FMR of $1,470 is a solid anchor for investment decisions in ZIP 22451. While the rental market specifics remain vague, the recent sales activity offers insight into pricing trends and market responsiveness. Given the stability and the FMR, ZIP 22451 presents a reasonable opportunity for Section 8-related investments.
Data Sources: FMR data from HUD (2027).
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.