Location: Essex County, VA | Metro: Essex County, VA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
ZIP 22476 in Essex County, VA, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,110, while the median home value stands at $253,451. This spread indicates that rental income can provide a steady cash flow, particularly given the low median home value compared to the FMR.
The recent sale of a property at 2627 Rose Mount Rd, Hustle, VA 22476, for $211,000, with a list price of $197,900, further supports this assertion. The sale was 7% over the list price, indicating strong demand for rental properties in the area. Additionally, the property took 83 days to sell, which is relatively long but still suggests a stable market where properties will eventually find tenants.
A cash-flow anchor is crucial for any investment portfolio, providing consistent returns regardless of market fluctuations. ZIP 22476, with its favorable FMR and median home values, ensures that landlords and small-portfolio investors can rely on steady rental income. This makes it an ideal addition to a diversified real estate investment strategy, especially for those looking to balance their portfolio with properties that offer predictable cash flows.
Data Sources: FMR data from HUD (2027). 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.