Section 8 Fair Market Rent (FMR) for ZIP 22501 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$860
1 Bedroom	$1,020
2 Bedrooms	$1,240
3 Bedrooms	$1,720
4 Bedrooms	$2,070
5 Bedrooms	$2,401
6 Bedrooms	$2,689
7 Bedrooms	$2,904
8 Bedrooms	$3,049

Based on the search results, there is limited demographic data available for ZIP code 22501, Ladysmith, VA, due to the small number of residential addresses in the area. However, we can still frame an analysis using the information provided and the known standard for voucher payments.

The ZIP code 22501 in Ladysmith, VA, presents a unique challenge for both renters and landlords due to its limited residential data. Despite the lack of detailed median income figures, it is clear that the area has a small population, which impacts the rental market dynamics.

The Fair Market Rent (FMR) standard for vouchers in the metro area for fiscal year 2026 is set at $1,250. This figure serves as a benchmark for affordable housing, indicating that households receiving vouchers can expect to pay this amount towards rent.

Given the scarcity of specific data for ZIP 22501, it is reasonable to infer that the competition among landlords may be relatively low, as the small population suggests fewer potential tenants. This could mean that landlords have some flexibility in setting rental prices, but they must remain mindful of the affordability gap for those relying on vouchers.

For landlords considering their strategy, the takeaway is that focusing on affordability may attract a broader tenant base, including those who rely on government assistance. Setting rents close to or slightly above the voucher payment standard of $1,250 can help ensure steady occupancy while maintaining competitive pricing.

In summary, ZIP 22501 presents an opportunity for landlords to offer affordable housing solutions, aligning closely with the voucher payment standards to cater to a diverse group of renters. This approach can mitigate risks associated with vacancy and ensure a stable tenant mix.

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.