Section 8 Fair Market Rent (FMR) for ZIP 22481 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 22481, located in Virginia, is part of a suburban area that benefits from its proximity to urban centers while maintaining a quieter, residential atmosphere. This region is particularly relevant for Section 8 real-estate analysts due to the presence of Federal Market Rent (FMR) guidelines which influence the rental market.

• Federal Market Rent (FMR): The FMR for ZIP 22481 in fiscal year 2026 is set at $1,470, indicating the maximum amount that can be charged for a Section 8 voucher.
• Market Rent: Data on the average market rent for ZIP 22481 is currently unavailable, suggesting either a lack of significant rental activity or insufficient reporting.
• Median Home Value: Information regarding the median home value in ZIP 22481 is also not available, making it difficult to assess the overall property values in the area.
• Renter Share: The percentage of residents who are renters in ZIP 22481 is not recorded, which limits understanding of the local housing demand dynamics.
• Days on Market (DOM): The average number of days a property stays on the market before selling is not documented for ZIP 22481, leaving a gap in knowledge about the speed of real estate transactions.
• Median Income: The median income for households in ZIP 22481 is not specified, which hinders the ability to gauge the financial capacity of potential tenants.

In summary, ZIP 22481 offers a defined ceiling for rental costs through the FMR at $1,470, but lacks detailed metrics such as market rent, median home value, and demographic specifics like renter share and median income. This scarcity of comprehensive data presents challenges for precise investment planning and highlights the importance of local market research to fill these gaps. Landlords and small-portfolio investors should consider these limitations when evaluating the potential returns and risks associated with properties in this ZIP code.

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.